Wittington Investments: Difference between revisions
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At 5 April 2008, the trustees of the [[Garfield Weston Foundation]] valued their 79.2% stake in Wittington Investments at £3.62 billion. |
At 5 April 2008, the trustees of the [[Garfield Weston Foundation]] valued their 79.2% stake in Wittington Investments at £3.62 billion. |
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On 26 March 2011 Wittington Investments was targeted by [[UK Uncut]] during [[2011 anti-cuts protest in London|anti-cuts protests]] for [[Tax avoidance and tax evasion|tax avoidance]] by its subsidiary company Associated British Foods <ref name="UK Uncut press release">[http://www.ukuncut.org.uk/blog/press-release-uk-uncut-occupy-tax-dodgers-fortnum-and-mason UK Uncut Occupy Tax Dodgers Fortnum and Mason]. 26th Mar 2011.</ref>. The tax avoidance |
On 26 March 2011 Wittington Investments was targeted by [[UK Uncut]] during [[2011 anti-cuts protest in London|anti-cuts protests]] for [[Tax avoidance and tax evasion|tax avoidance]] by its subsidiary company Associated British Foods <ref name="UK Uncut press release">[http://www.ukuncut.org.uk/blog/press-release-uk-uncut-occupy-tax-dodgers-fortnum-and-mason UK Uncut Occupy Tax Dodgers Fortnum and Mason]. 26th Mar 2011.</ref>. The tax avoidance involved loans between ABF/Primark and their affiliate ABF European Holdings & Co SNC, a Luxembourg-based partnership. <ref>[http://www.taxresearch.org.uk/Documents/abfeh.pdf ABF European Holdings & Co SNC accounts 2008]</ref> The protest took the form of a mass [[sit-in]] in [[Fortnum & Mason]]. <ref>Video: [http://liberalconspiracy.org/2011/03/27/watch-ukuncut-occupation-of-fortnum-mason-was-peaceful/ Occupation of Fortnum & Mason by UKuncut was peaceful], by Sunny Hundal. March 27, 2011.</ref> |
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==References== |
==References== |
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Revision as of 15:46, 5 April 2011
Wittington Investments Limited is an unquoted British investment company. It is 79.2% owned by the Garfield Weston Foundation, which is one of the UK's largest grant-making trusts, and 20.8% owned by members of the Weston family.
Wittington Investments owns 54.5% of Associated British Foods, which is one of the largest food companies in the world, and is itself the parent company of Primark, the largest discount clothing chain in the UK and Ireland. Wittington Investments also owns London department store Fortnum & Mason and Heal's, a UK chain of homeware and furnishing department stores.
At 5 April 2008, the trustees of the Garfield Weston Foundation valued their 79.2% stake in Wittington Investments at £3.62 billion.
On 26 March 2011 Wittington Investments was targeted by UK Uncut during anti-cuts protests for tax avoidance by its subsidiary company Associated British Foods [1]. The tax avoidance involved loans between ABF/Primark and their affiliate ABF European Holdings & Co SNC, a Luxembourg-based partnership. [2] The protest took the form of a mass sit-in in Fortnum & Mason. [3]
References
- ^ UK Uncut Occupy Tax Dodgers Fortnum and Mason. 26th Mar 2011.
- ^ ABF European Holdings & Co SNC accounts 2008
- ^ Video: Occupation of Fortnum & Mason by UKuncut was peaceful, by Sunny Hundal. March 27, 2011.
External links
- report of the Garfield Weston Foundation - see page 15 for details of the ownership and assets of Wittington Investments Limited