Paul Marchant has resigned as CEO of Primark due to allegations regarding his behavior towards an individual in a social setting, which prompted an internal investigation. He cooperated fully, admitted to a lapse in judgment, and issued apologies to those affected. Under his leadership since 2009, Primark thrived, expanding to over 450 stores in 17 countries and generating £9.4 billion in sales. The company's parent, Associated British Foods, underlined the importance of integrity following this incident, marking a significant impact on the retailer known for its low-cost fashion.
Under Mr. Marchant, Primark flourished; it operates over 450 stores in 17 countries, employing around 82,000 and achieving sales of £9.4 billion in the last financial year.
We believe that high standards of integrity are essential, said George Weston, expressing disappointment over the situation with Mr. Marchant and overall corporate conduct.
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