Paul Marchant, the chief executive of Primark, has resigned “with immediate effect” in light of allegations related to “inappropriate behaviour towards a woman”. The news emerged from Primark’s parent company, Associated British Foods (ABF), which announced that an investigation prompted the swift departure.

ABF stated that Mr Marchant has since apologised to the individual involved, the ABF board, as well as to his colleagues at Primark and others affiliated with the company. The statement underlined that he co-operated fully with the investigation and acknowledged his “error of judgment”, conceding that his actions did not meet the standards expected by ABF.

The company also assured commitment to supporting the individual who raised the allegations. Paul Marchant had been at the helm of Primark since 2009, succeeding the chain’s founder, Arthur Ryan. He previously held significant positions in several retail firms, including serving as chief operating officer at New Look and working at notable brands such as Debenhams, Topman, and River Island.

George Weston, the chief executive of ABF, expressed his disappointment regarding the incident, stating, “At ABF, we believe that high standards of integrity are essential.” He emphasised that responsible action is crucial for the long-term management and operation of any business, reinforcing the need for respect and dignity within the workplace. “Our culture has to be, and is, bigger than any one individual,” he remarked.

Following Mr Marchant’s departure, ABF announced that finance director Eoin Tonge will take on the role of interim chief executive of Primark while working alongside the brand’s senior executives and strategic advisory board.

Source: Noah Wire Services