Primark founder Arthur Ryan dies aged 83

(LtoR) Primark Chairman Arthur Ryan, Irish Prime Minister Enda Kenny and Primark CEO Paul Marchant cut the rubbon to open a Primark clothes retailer store at the Alexanderplatz Square in Berlin on July 3, 2014. AFP PHOTO / DPA / BRITTA PEDERSEN +++ GERMANY OUT (Photo credit should read BRITTA PEDERSEN/AFP/Getty Images)
He first started the business as Penneys in 1972 before renaming it two years later (Picture: AFP/Getty)

Primark founder Arthur Ryan has died aged 83.

The chairman and former chief executive of the budget fashion chain passed away following a short illness.

The Irishman opened the first Penneys shop in Dublin in 1972 before expanding to Britain in 1974 and renaming it Primark.

More to follow.

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