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About Primark

Primark Corp. was emerging as a leader in the global information services industry in the mid-1990s. Through its four major divisions, the company focused its information services on financial, weather, and information technology markets. Primark also provided miscellaneous transportation and financial services. Primark was basically a utility company until 1987, when it exited that business and forged into information services.

Headquarters Location

1000 Winter Street Suite 4300N

Waltham, Massachusetts, 02154,

United States

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Latest Primark News

Ireland’s Primark Cares hits 55% sustainable clothing milestone

Nov 25, 2023

Ireland's Primark Cares hits 55% sustainable clothing milestone 25 Nov '23 Primark's Primark Cares initiative shows significant progress in sustainable fashion. Fifty-five per cent of its clothing now uses recycled or sustainable materials, up from 45 per cent last year. Its circular clothing line sold over 3 million units. Primark employs TrusTrace for supply chain transparency and aims to halve carbon emissions by 2030. Ireland’s Primark has reaffirmed its commitment to affordable, sustainable fashion with notable progress under its Primark Cares initiative. Launched two years ago, the strategy aims to transform all its clothing lines to use recycled or sustainably sourced materials by 2030. In a significant step, 55 per cent of its clothes this year featured such materials, a notable increase from 45 per cent the previous year. In alignment with its sustainable vision, Primark introduced a circular product line, selling over 3 million units of circular clothing, according to the company’s second Sustainability and Ethics Progress Report. Primark's Primark Cares initiative shows significant progress in sustainable fashion.Fifty-five per cent of its clothing now uses recycled or sustainable materials, up from 45 per cent last year.Its circular clothing line sold over 3 million units.Primark employs TrusTrace for supply chain transparency and aims to halve carbon emissions by 2030. A key focus for Primark is cotton, the primary fibre in its range. This year, 46 per cent of its cotton clothing was made from organic, recycled, or sustainably sourced cotton, a rise from 40 per cent last year. The Primark Sustainable Cotton Programme (PSCP), now in its 10th year, operates in India, Bangladesh, Pakistan, and recently Turkiye, making it a leader in sustainable cotton sourcing. Furthermore, Primark is utilising TrusTrace, a compliance platform, to enhance supply chain transparency. This tool tracks products from raw materials to the finished product, aiding in supply chain management. A pivotal goal for Primark is to halve carbon emissions by 2030, a target under review by the Science Based Targets initiative (SBTi). With a focus on renewable energy and efficiency, Primark is assisting suppliers in transitioning to sustainable energy sources. In its own operations, the company is reducing energy usage and has transitioned 70 per cent of its stores to renewable or low-carbon electricity, with 141 stores adopting energy-efficient lighting. These comprehensive efforts underline Primark’s dedication to a sustainable future in fashion. Fibre2Fashion News Desk (NB)

Primark Acquisitions

1 Acquisition

Primark acquired 1 company. Their latest acquisition was Wefa Group on February 07, 1997.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

2/7/1997

$99M

Acquired

2

Date

2/7/1997

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired

Sources

2

Primark Partners & Customers

2 Partners and customers

Primark has 2 strategic partners and customers. Primark recently partnered with Wheyhey on July 7, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

7/16/2019

Partner

United Kingdom

Outrageous Indulgence on Oxford Street - Wheyhey Healthy Ice Cream In Partnerships With Primark.

At the Wheyhey , in partnership with Primark , customers can create fun , delicious sundaes using 15 unique flavours of low sugar ice cream along with tasty toppings and sauces .

1

Partner

United Kingdom

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10

Date

7/16/2019

Type

Partner

Partner

Business Partner

Country

United Kingdom

United Kingdom

News Snippet

Outrageous Indulgence on Oxford Street - Wheyhey Healthy Ice Cream In Partnerships With Primark.

At the Wheyhey , in partnership with Primark , customers can create fun , delicious sundaes using 15 unique flavours of low sugar ice cream along with tasty toppings and sauces .

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Sources

1

10

Primark Team

2 Team Members

Primark has 2 team members, including current Chief Information Officer, David A Ellison.

Name

Work History

Title

Status

David A Ellison

Chief Information Officer

Current

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Name

David A Ellison

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Work History

Title

Chief Information Officer

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Status

Current

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