PENNEYS BOSS QUITS AS BEHAVIOUR PROBED

THE boss of budget fashion giant Penneys has quit after a probe into his behaviour towards a woman.

- BY GRAHAM HISCOTT

Paul Marchant has stepped down as chief executive with immediate effect after his alleged conduct "in a social environment". The exact details of the incident have not been disclosed.

Marchant, 56, took over the Dublin-based fast fashion chain, which has more than 450 shops and is known as Primark in the UK, from founder Arthur Ryan in 2009