Hervé Montjotin, formerly chief executive of Norbert Dentressangle, has left his position as chief executive of XPO’s European business less than three months into his new role. US company XPO purchased Norbert Dentressangle earlier this year having tabled a €3.24bn (£2.3bn) bid in April. The deal was completed in June. He has been replaced by XPO chief operating officer Troy Cooper, according to an SEC filing in the US. It adds that Cooper will retain his position while assuming chief […]
Norbert Dentressangle (ND) has revealed a first-half consolidated revenue increase of 13.3% to €1.9bn (up from €1.7bn in the same period last year) despite struggling with volumes. Like-for-like growth remained flat, dipping by 0.2% compared with H1 2011, which ND attributes to a sharply deteriorating European economy during the second quarter. ND’s transport division took a 1.3% hit on a like-for-like basis (consolidated revenue is up 7.7% to €1bn), which the company says is due to a sluggish economy, with […]
Online fashion retailer ASOS has extended its relationship with Allport Cargo Services.
Norbert Dentressangle has been officially purchased by XPO Logistics. The deal to acquire 67% of the business from the Norbert family has gone through less than six weeks after an unsolicited €3.24bn (£2.3bn) bid was made by the US firm for the business.