'Reputation risk' | The 'flip side' to Primark's £121m furlough cash return

Over the past week, fast fashion retailer Primark has hit headlines after the firm’s owner Associated British Foods (ABF) announced it would repay £121million in furlough money claimed under government retention schemes.

It’s a move that will likely be favourably received, as the retailer revealed that it had made the decision to make the repayments despite a slump in profits as a result of store closures amid the Government-imposed lockdown period.