The consideration comes at a time when business development in the group is varying. While the fashion chain Primark was able to slightly increase its operating profit in the past financial year, the weakening sugar business significantly slowed down the entire group. The annual profit fell by 13 percent to 1.734 billion pounds.

The sugar sector barely broke even, while Primark continued to grow in Europe and the USA. It is precisely this gap that increases the pressure to create a clearer profile: Primark is growing dynamically, while the food and agriculture portfolio is cyclical and has weaker margins.

A final decision has not been made – but a split no longer seems impossible. For the current fiscal year 2026, AB Foods expects to see renewed growth.

For investors, a split would be a liberation: The highly profitable fashion retailer could be valued significantly higher on the stock market as an independent company than within the conglomerate. The review is underway – and the capital market is listening closely.