Primark is undergoing significant upheaval following the abrupt departure of its CEO, Paul Marchant, due to allegations of inappropriate behavior. Marchant, who played a pivotal role in transforming Primark over his 16-year tenure, acknowledged that his actions fell short of the standards expected by Associated British Foods (ABF), Primark’s parent company. His exit has unsettled the retail industry, leading to a 1.6% drop in ABF’s share prices. Eoin Tonge, ABF’s finance director, has assumed the role of interim CEO as the company navigates this transition amid economic uncertainties and increasing competition from online retailers.