Another key management figure is to leave Eddie Stobart Logistics, the company has revealed.
Eddie Stobart Logistics (ESL) has announced that Sebastien Desreumaux, who became CEO in August 2019, has resigned from the board of Greenwhitestar Acquisitions (GWSA) – the subsidiary which holds all of the trading entities within the Eddie Stobart Group – and will leave at the end of the month.
Eddie Stobart Logistics (ESL) has been saved from the threat of administration after shareholders voted to accept a takeover bid by private equity firm DBAY Advisors.
Troubled 3PL Eddie Stobart Logistics (ESL) is reported to be lining up accountancy firm Deloitte to prepare it for insolvency if shareholders reject a rescue package from private equity firm DBAY Advisors.
The two-way battle for control of Eddie Stobart Logistics (ESL) has taken another twist after former CEO Andrew Tinkler (pictured) promised to inject a further £10m of equity into the troubled haulier if his bid is successful.
Eddie Stobart Logistics (ESL) will see lenders pull out and face an “imminent liquidity shortfall” if shareholders reject DBAY Advisors’ takeover bid, DBAY warned this week.
Eddie Stobart’s former boss Andrew Tinkler (pictured) claims to have secured better-than-expected support from investors for a £70m rescue of Eddie Stobart Logistics (ESL), just days after announcing his intentions.
Former Eddie Stobart chief Andrew Tinkler has confirmed his intention to bid for Eddie Stobart Logistics (ESL) just hours after Wincanton withdrew from the fray and is warning that a rival bid from DBAY Advisors is not in the interests of ESL shareholders.
Eddie Stobart Logistics (ESL) has hit back at Wincanton’s claims this week that it has withdrawn its interest in bidding for the company due to a lack of financial information, insisting it gave Wincanton “extensive due diligence commensurate with its status as a strategic competitor”.
Troubled haulier Eddie Stobart Logistics (ESL) has won a six-month breathing space on repaying a £200m loan and more than a year’s extension before it has to prove to its lenders it can service the debt.