Up to 57% of Primark sales space shut by lockdowns

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Associated British Foods PLC said Monday that it is closing its Primark stores in France, Ireland, Belgium, Wales, Spain’s Catalonia region, Slovenia and possibly the U.K. due to new coronavirus restrictions, and that it estimates the loss of sales to amount to 375 million pounds ($485.6 million).

The British conglomerate said stores of its clothing brand in France, Ireland, Belgium, Wales, Catalonia and Slovenia represent 19% of its total retail selling space.

The company also warned over a possible confirmation of the new coronavirus lockdown in the U.K. Should the new measures be confirmed by the British parliament, all nonessential shops in the country would close, causing AB Foods’ closed selling space to rise to 57%.

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