Menzies Distribution has claimed it is in advanced discussions with major retailers about extending its recently-launched high street logistics service, despite the venture still being in its early stages. Menzies Logistics Solutions was launched last year to improve the utilisation of its fleet when deliveries of newspapers and magazines have been made. It recently won a £1.5m contract with WH Smith, covering final-mile delivery of items such as DVDs and confectionary into high street stores. In its interim results last […]
DX Group shareholders controlling almost a fifth of the company have signed a letter demanding the board terminates discussions with John Menzies about a proposed takeover, unless the deal is improved significantly.
The deal that would have see DX Group acquire Menzies Distribution has been called off, and a new board of directors is set to be installed at DX under the guidance of its largest shareholder – Gatemore Capital Management.