Moves are underway to split print media and parcel logistics firm Menzies Distribution from its sister air cargo and baggage handling business Menzies Aviation. Parent company John Menzies has appointed chairman Dermot Smurfit, who said that he will review the structure of the group in order to “maximise shareholder value”. “This will include looking at whether our two operating businesses are best placed to prosper while they are part of one group,” he added. The move is in response to […]
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.
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.
The DX Group shareholder leading the charge against the company’s proposed acquisition of John Menzies’ distribution arm has increased its holding in the company by 10%.