A&O Shearman Advises Associated British Foods on Proposed Demerger of Primark from Food Business

"A&O Shearman is advising Associated British Foods (ABF) on the proposed demerger of its Retail arm, Primark, from its Food business to create two independent FTSE 100 companies. Primark operates 486 stores across 19 markets; the Food business (to be called FoodCo) operates in 52 countries and would be the only FTSE 100 pure-play food producer. The separation is targeted to be effective before the end of 2027, subject to approvals and tax clearances. The A&O Shearman team was led by Annabelle Croker and David Broadley, with Michael Bloch and Juliette Aliker."