TNT Express has announced the intended sale of its Dutch TNT Fashion Group operation to a consortium formed by Belgian fashion and lifestyle logistics firm Belspeed and Turkish logistics and transport conglomerate Netlog Group. The sale of 100% of the shares in TNT Fashion Group BV, which should be completed by the end of June subject to regulatory approval, reflects TNT Express’s “strategy to focus on core activities”, a company statement said. The change of ownership will not affect TNT […]
TNT reduced its pre-tax loss and saw its global revenue rise in its final full financial year ahead of its €4.4bn (£3.2bn) purchase by FedEx.
Norbert Dentressangle (ND) has sealed a £100m logistics deal with online fashion giant ASOS, taking the three-year contract from incumbent Unipart Logistics.
2015 saw some shocks in the market; FedEx bidding for TNT Express; XPO Logistics buying Norbert Dentressangle and BCA Marketplace buying Eddie Stobart’s automotive business. But they weren’t the only acquisitions in a year packed with M&A activity. We take a look at some of the deals that changed the industry.