Founded in 1935, Associated British Foods operates through five primary segments: Retail, Grocery, Ingredients, Sugar, and Agriculture. The Retail segment is driven by Primark, a major value-fashion chain with hundreds of stores across Europe and the United States. The Grocery division manufactures and markets household brands including Twinings, Ovaltine, Ryvita, and Patak's. Additionally, the company is a leading global producer of sugar and baker's yeast, and it supplies specialty ingredients and animal feed to the agricultural sector. With operations spanning over 50 countries, ABF leverages its diversified business model to balance the high-volume retail apparel market with stable, cash-generative food and ingredient production.