Clipper Logistics Group is to begin trading fully on the London Stock Exchange on Wednesday 4 June. The placing price has been set at 100p per share and will comprise of 100m ordinary shares. Conditional trading began today (30 May) at 8am under the CLG ticker with 49m shares on offer. Unconditional trading is expected to begin at 8am on 4 June with an expected market capitalisation of £100m. Clipper Group executive chairman Steve Parkin said: “I am delighted with […]
Clipper Logistics has won a contract with supermarket chain Morrisons for the distribution of its new Nutmeg clothing range, which was launched in March.
Clipper Logistics has won a new contract with Swedish children’s clothes retailer Polarn O. Pyret. It sees Clipper provide logistics from its Ollerton facility, as well as a warehousing arrangement that will allow expansion of Polarn’s current product range and offer store replenishment it its second phase, reducing the lead time of stock from Sweden. Leeds-based Clipper will handle around 5,500 SKUs, which will fulfill clothing orders in the UK and Ireland. The company says it was awarded the contract […]
A quick response time from rental firm Tip Trailer Services prompted Clipper Logistics to hire nine SDC box trailers from it on a five year lease.