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Head of a rapid fashion retail dealer Premark resigned on Monday after admitting that he had committed a “error in government” with a woman in a social environment.
The parent company, PRIMARK, Associated British Foods PLC, said that the departure of Paul Marshant comes after submitting a complaint about his behavior. AB Foods, Eoin Tonge, used to become the temporary CEO immediately.
Marshant realized that his actions “decreased less than the following standards by ABF”
The investigation began by AB Foods, and was carried out by external lawyers, in the claim that the individual made for his behavior. According to retail stores, Marshant realized “his mistake in government” and realized that his actions “decreased to less than ABF’s expected criteria.
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Paul Marshant, CEO of Irish Multinenic Fashion Retail Primark, introduces a picture after an interview with Agence France -Presse at the company’s headquarters in Dublin on November 21, 2024. (Paul Faith / AFP via Getty Images / Getty Images)
The CEO of the individual, and the British Food Council associated with him and his colleagues, as well as others, apologized Connected to work,“According to the company.
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“He is very disappointed” in Marshant, where the company believes that “high integrity standards are necessary.”
View the entrance to the Premark store. (Marcos Del Mazo / Lightroctrock via Getty Images / Getty Images)
“Representation responsibly is the only way to build and manage business in the long run,” Weston said. “Fellow and others must be treated with respect and dignity. Our culture must be, and more than anyone.”
The retail chain was founded in Ireland in 1969 under the Penneys brand. Today, the multinational brand operates in 17 countries in Europe and the United States. Employ more than 80,000 people.
Primark has 450 world stores. AB Foods also has many other divisions, including grocery, sugar, agriculture and components companies, but their retailers contribute to about half of the group’s profits to AB Foods.
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Marchant Parklise analysts said, One of the most important roles in the UK retail, It is possible that he will get a lot of attention from potential candidates.
“But we do not believe that Premark is in a hurry to fill the void until they find the right person to take over,” they said.
Reuters contributed to this report.
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