Company Profile

Associated British Foods (ABF) is best described as an international business with major interests in food manufacturing and fashion retailing. The business was incorporated in 1935 with an initial focus on the bakery segment. Over the past 70 years, the group has evolved into a business with operations in over 56 countries and sales of more than £20bn. ABF's major shareholder is Wittington Investments, which represents c.57% of shares outstanding and is controlled by the Weston family. ABF comprises the following divisions: Retail (Primark), Sugar, Grocery, Ingredients and Agriculture, with Primark comprising c.50% of operating profit.