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 selection of European businesses and trade bodies, including the FTA, has called for a Brexit transitionary period to ensure a frictionless customs and trade environment.
Retailer John Lewis has revealed that construction work on its £97m Milton Keynes DC, which is set to increase the number of store deliveries it makes, began last week.