UK's Primark boss Paul Marchant resigns after 'error of judgement'
Primark, the successful fast fashion chain, contributes
about half of group profit for
The group said on Monday that Marchant had cooperated with
an investigation led by external lawyers, acknowledged his
"error of judgement" and accepted that his actions fell below
the standards expected by
Eoin Tonge, AB Foods' finance director, will act as Primark
chief executive on an interim basis working with the senior
Primark management team and Primark's
It said the group would continue to offer support to the individual who brought this behaviour to its attention.
"I am immensely disappointed. At ABF, we believe that
high standards of integrity are essential," said CEO
"Acting responsibly is the only way to build and manage
a business over the long term. Colleagues and others must be
treated with respect and dignity. Our culture has to be, and is,
bigger than any one individual."
(Reporting by
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