Primark closes all stores, stops new orders with suppliers over coronavirus

LONDON (Reuters) - Primark is closing all of its stores around the world, a loss of roughly 650 million pounds worth of net sales a month, and will stop placing new orders with suppliers, its parent company said on Monday as the coronavirus outbreak deepens."A variety of work streams have been established to mitigate the effect of the contribution lost from these sales and all expenditure is being reviewed," Associated British Foods said."We currently estimate being able to recover some 50..