Penneys accounts to go public

Firm opts for limited status

8th May, 2016
Penneys plans to open more stores in Europe and the US this year

Penneys, the low-cost Irish fashion phenomenon, is poised to unlock some of its financial secrets following a corporate restructuring.

The company has applied to the Companies Office in Dublin to transfer one of its major Irish subsidiaries to limited status, a move that will compel the company to reveal previously confidential details of its financial performance.

The subsidiary, Primark, was previously registered as unlimited status, meaning there was no obligation to disclose details such as...

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