DX Group has sold five of its properties and taken a loan from its biggest shareholder to pay back a bank loan. The group has committed to a sale and leaseback of its sites in Thatcham; Basildon; Rotherham; Northampton and Nottingham. The deal with Chancerygate (Livingston) is due to complete on 29 September. The sale of the land is to repay a term loan to HSBC, and DX Group had considered selling its Willenhall freight hub in order meet the […]
Menzies Distribution has bought fully electric final-mile delivery firm Gnewt Cargo for an undisclosed sum.
Lloyd Dunn has been appointed CEO of DX Group, which has secured £24m from investors to get the business back on track.
DX Group shareholders controlling almost a fifth of the company have signed a letter demanding the board terminates discussions with John Menzies about a proposed takeover, unless the deal is improved significantly.