Hellmann Worldwide Logistics’ UK future in question

Hellmann is the new European partner for Pallet-Track

The future of Hellmann Worldwide Logistics rests on the success of a major refinancing deal being negotiated by its German parent company, the 3PL’s auditor KPMG has warned. Parent company Hellmann Worldwide Logistics GmbH is in negotiations with 11 funding partners to refinance a €159m (£125m) loan, which makes up 40% of the group’s total loans. The refinancing was set to be completed by August last year but has been put back until the end of this month. In the […]