The deal that would have see DX Group acquire Menzies Distribution has been called off, and a new board of directors is set to be installed at DX under the guidance of its largest shareholder – Gatemore Capital Management. Menzies backed out of its acquisition deal with DX Group after a trading update from the group made it clear DX would not be able to meet the terms of the agreement. Also confirmed was the departure of DX CEO Petar Cvetkovic and […]
DX Group’s pre-tax profit crashed 75% year-on-year in the six months ending 31 December 2016, it revealed today.
Menzies Distribution has said that a successful transition has taken place from the previous supplier of national logistics at WH Smith as it begins work on a three-year contract.
DX Group has had its revised planning application for a ‘super hub’ at Essington in the West Midlands rejected by the local council.