15) Eric Born, chief executive, Wincanton Eric Born was given the not inconsiderable task of turning Wincanton around, taking on a business that in 2011 plunged to a £26m full-year loss on turnover of £2.2bn. He has delivered. A clear out of its loss-making European businesses was one of Born’s first steps, which although necessary lead to greater losses for the business to absorb first. Yet under his stewardship Wincanton has bounced back to profitability (as of June) and the […]
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 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 […]
Canute Haulage Group creditors stand to lose millions of pounds following the sale of the business earlier this month via a pre-pack administration.