Associated British Foods insists customers will not foot bill but warns that profits are likely to tumble in 2016Implementing the “national living wage will cost Primark tens of millions of pounds by 2020 but will not mean higher clothing prices,the retailer’s parent company has said.
John Bason, finance director of Associated British Foods, and said: “The extra cost of the national living wage is of a scale we hold seen from many other factors that affect Primark and it is not going to prejudice our pricing position.”
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Source: theguardian.com