The CEO of a major budget fashion retailer has stepped down after a woman made an allegation of inappropriate behavior against him, the company says. According to a press release by Primark's owner, Associated British Foods,

Parent company AB Foods said its finance director, Eoin Tonge, will act as interim Primark CEO. The group’s financial control

Marchant, who joined Primark in 2009, left after the company hired lawyers to investigate “an allegation made by an individual about his behavior towards her in a social environment,” Associated British Foods,