Associated British Foods announced that the chief of its popular Primark clothing chain, Paul Marchant, has resigned abruptly due to allegations of inappropriate behavior towards someone in a social setting. Primark is a significant contributor to AB Foods' profits.

Marchant participated in an investigation, admitted to a lapse in judgment, and acknowledged that his actions did not meet the company's standards. Eoin Tonge, the finance director of AB Foods, will temporarily assume the role of Primark's CEO, with support from the senior management team and the Strategic Advisory Board. Joana Edwards will temporarily serve as finance director.

Marchant, who had been leading Primark since 2009, expressed apologies to the individual, the AB Foods board, his Primark colleagues, and other business associates. AB Foods expressed commitment to supporting the individual who raised the concerns.

George Weston, CEO of AB Foods, emphasized the importance of integrity and respectful treatment of colleagues and others. Weston stated, "Acting responsibly is crucial for sustainable business management. Our culture must prioritize respect and dignity above any individual."