Take context from the input text and decide on the accurate relationship between 'Primark' and 'Associated British Foods' from the options provided.
Options: member of, platform, owned by, owner of

“We are not in the business of doing something and not making any money on it,” John Bason, chief financial officer at Primark parent, Associated British Foods ASBFY, +0.50% has said on the topic.
owned by