Wincanton has revealed the full details of its warehousing contract with fashion retailer SuperGroup, which it began working on late last year. The logistics giant is part way through a two-year deal with SuperGroup to operate a distribution warehouse at Gloucester Business Park. The group, owner of fashion chain SuperDry, is investing £1.5m to develop the new hub following the transfer of its retail distribution operations from a neighbouring Barnwood warehouse. Wincanton stepped in late last year to help SuperGroup […]
Last week the MT Tracker took a break as it was judging the MT Awards – but what a difference a week makes. Rentokil finally sold City Link, to investment house Better Capital. This does make a big difference to the MT Tracker as Rentokil’s size, in comparison to every other listed transport firm, was distorting the results of the Tracker. Excluding Rentokil gives us a much truer picture of investor sentiment in the sector.
Wincanton is now a “very different organisation” to what it was a few years ago, as the company increased turnover, more-than doubled pre-tax and continued to reduce its net debt in financial year 2013.