Utilize the input text as a context reference, choose the right relationship between Primark and Associated British Foods from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

Associated British Foods (LSE: ABF.L - news ) , owner of the Primark discount clothing chain, was down nearly 3%, after a warning earlier this week that falling sugar prices would hit profits.

Answer: owned_by