It’s become an international brand giant with 373 stores in 12 countries and employing 75,000 staff, and this could just be the tip of the iceberg for Primark if the board of Associated British Foods Plc (LON: ABF) capitalize on its growth and decide to Spinoff the crown jewel segment.

According to The Edge, Primark is the epicenter of growth at ABF, but its actual value is not achieved in the company’s current share price due to the weak fundamentals of the other businesses. Therefore Primark’s separation (either through its full or partial Spinoff or sale of other businesses like Sugar and Agriculture) will lead to value creation opportunities for investors.

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