Mobile Search Home Investors Our business model Share Creating value together Our way of operating – entrepreneurial but also financially prudent and focused on the long term – has achieved growth over many years and creates long-term value for our shareholders and other stakeholders alike. Associated British Foods is a diversified group with a wide range of food and ingredients businesses, more than 40 well known grocery brands, and our flagship retail brand, Primark. We have a strong social purpose: to provide safe, nutritious and affordable food, and clothing that is great value for money. We are a global organisation with 128,000 employees, operations in 53 countries, suppliers in many more, and customers in more than 100 countries. More than half of our senior leaders are non-UK citizens, representing 23 different nationalities between them. Devolved operating model We operate a devolved operating model across our five business segments of Grocery, Sugar, Agriculture, Ingredients and Retail and believe the best way to create enduring value involves setting objectives from the bottom up rather than the top down. We make operational decisions locally, because in our experience they are most successful when made and owned by the people with the best understanding of their customers and markets. This accountability is highly motivating for our strong local management teams, encouraging an entrepreneurial approach that drives innovative business thinking. The Group, or corporate centre, provides a framework for sharing of ideas and best practice. The Group is in constant dialogue with the people who run our businesses, giving our corporate leaders a detailed understanding of their material opportunities and risks and enabling us to collaborate when making material decisions. Because the centre is small and uses short lines of communication, we can also ensure prompt and unambiguous decision-making. The chart above shows how our business model works, from the discussion and scrutiny of each business by the Group leadership team to oversight by the Board through our structured governance framework. Creating long-term value Our unique ownership structure Our people, culture and values You may also be interested in At a glance We are a highly diversified food, ingredients and retail group, find out more about us. Read more Our purpose and values Our purpose is to provide safe, nutritious, affordable food, and clothing that is great value for money. Read more Associated British Foods plc Registered in England and Wales No. 293262 at Weston Centre, 10 Grosvenor Street, London W1K 4QY About us ABF at a glance Our purpose Business model Corporate governance Where we operate Our history Our Group Grocery Sugar Agriculture Ingredients Retail A-Z finder Quick links Annual Report Responsibility ESG Modern Slavery Act Statement Financial calendar e-Alerts Terms and conditions Privacy notice Accessibility Sitemap Cookie policy Copyright (c) 2021 Associated British Foods plc Our use of cookies We use necessary cookies to make our site work. We’d also like to set optional analytics cookies to help us improve it. We won’t set optional cookies unless you enable them. Using this tool will set a cookie on your device to remember your preferences. For more detailed information about the cookies we use, see our Cookie policy Manage Cookies Accept All