March 06, 2015 6:16 AM ET

Specialty Retail

Company Overview of Primark Stores Limited

Company Overview

Primark Stores Limited operates a chain of apparel retail stores for babies and kids, boys and girls, women, and men in the United Kingdom, Ireland, and other parts of Europe. It offers scarves, boots, coats, accessories, layering products, jackets, and grids; and home ware, beauty products, and confectionery products. The company was incorporated in 1948 and is based in Reading, United Kingdom. Primark Stores Limited operates as a subsidiary of Associated British Foods plc.

Primark House

41 West Street

Reading,  RG1 1TZ

United Kingdom

Founded in 1948

Phone:

44 11 8960 6300

Fax:

44 11 8960 6301

Key Executives for Primark Stores Limited

Founder, Chairman and Managing Director
Chief Operating Officer
Buying and Merchandising Director
Compensation as of Fiscal Year 2014.

Primark Stores Limited Key Developments

Primark Signs on New Lease for City Arcaden Shopping Centre in Ingolstadt, Germany

Redefine International announce that it has signed a conditional lease agreement with Primark for a new 5,200 sqm (56,000 sqft) store in the City Arcaden Shopping Centre in Ingolstadt, Germany. City Arcaden was acquired by the company in August 2013 as part of the 189 million German shopping centre portfolio acquisition with the intention of redeveloping the outdated scheme to meet the requirements of a modern retailer, with improvements such as larger floor plates. The Primark lease will support a complete redevelopment of the centre to accommodate the store. Once completed, the scheme is expected to provide approximately 7,700 sqm of net retail space which includes an existing H&M outlet. A further 1,100 sqm of office space on the same site is also planned for redevelopment, in addition to 15 residential units totaling approximately 1,300 sqm. The shopping centre enjoys a prominent location on Ludwigstrasse, one of the prime retail streets in Ingolstadt, in the State of Bavaria. The introduction of Primark is expected to significantly strengthen the retail offering within the town and the surrounding areas, encouraging additional footfall.

Primark to Close Leeds Store in March

Primark to close one of its two stores in Leeds in March. The company announced that it is closing the store on the Headrow and will offer staff a transfer to the nearby store in Trinity shopping centre or another nearby store.

Primark to Open at Coppergate

Primark has signed for its first store in York at Coppergate shopping centre. The budget fashion brand has signed for a 15-year lease at the 56,155 sq ft Piccadilly site for an annual rent of circa £680,000 per annum. The store is on four levels and includes a 10,000 sq ft extension which is already on site.

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