Primark founder Arthur Ryan dies

Image copyright
Getty Images

Primark founder and chairman Arthur Ryan has died after a short illness, the budget fashion chain has announced.

Mr Ryan founded the High Street retailer as Penny’s in 1969 in his hometown of Dublin in Ireland.

Fifty years on, the chain has expanded to over 350 stores in 11 countries across Europe and the US.

Primark chief executive Paul Merchant said 83-year-old Mr Ryan had been “a true real retail pioneer” and a “gifted retailer and a visionary leader”.

“He innovated and was never complacent, despite many successes. He challenged us all to be the best we can be.

“His drive and passion was always shown alongside great humility, integrity and support for our people. All of these characteristics remain guiding principles at Primark today,” Mr Merchant said in a statement.

Mr Ryan ran the company for 40 years as chief executive.

Ten years ago, he gave up his day-to-day control of the firm as chief executive becoming chairman instead.

Source link