Panther Warehousing has completed a management buyout (MBO), backed by private equity firm Lloyds Development Capital (LDC). The £17m buyout was lead by MD Colin McCarthy and will see the company’s founder and chairman Wilson Barrett retire. Barrett founded the company in 1989, and kept it going when it entered into a CVA in 2008. “He had £470,000 to pay, and over the next three or four years he paid off every penny of it, because that’s the mark of […]
A trailblazer apprenticeship standard for managers in the parcel courier sector has been submitted to BIS by the Institute of Couriers (Ioc) in light of the e-retail boom and upcoming apprenticeship levy.
Analysts have said the planned sale of DHL Express’s same-day domestic business will create another major player in the market to compete with CitySprint, and is unlikely to affect DHL’s profitability.
The UK branch of Mitsubishi Electric Europe has renewed its warehousing contract with Yusen Logistics by five years.