Author: By James Thompson
Julian Kilmartin is to join the Associated British Foods-owned retailer as
buying and merchandising director for Ireland and international. However, it
is understood he is in effect the replacement for Guy Young, the
international trading director who left earlier this month. Mr Young had
been hired from rival C&A on the Continent in the summer of 2008. Primark
declined to comment.
The hiring of Mr Kilmartin comes as Primark?s founder and chairman Arthur
Ryan, 74, prepares to step down as managing director in the autumn. After he
moves aside, Paul Marchant, Primark?s chief operating officer, will become
chief executive. But Mr Ryan will stay on as chairman for a period before
Primark has 190 stores in the UK, Ireland ? where it trades as Penneys ?
Spain, Portugal, the Netherlands and Germany. It plans to enter Belgium,
with a store in Liège, in November and launch in Austria next year.
For the 16 weeks to 20 June, the retailer’s sales surged by 21 per cent. While
ABF did not reveal like-for-like sales, City analysts put the figure at
growth of 7 to 8 per cent.
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