DX Group has announced a major new contract with Avon UK a week after plummeting share prices prompted its largest shareholder to call for the removal of two board members. The three-year deal is already underway and is worth in excess of £10m a year. DX chief executive Petar Cvetkovic said the win highlighted the capability of the ‘OneDX’ business development programme, which was heavily criticised by shareholder Gatemore Capital Management last week. Cvetkovich said: “The bespoke logistics solution we […]
DX Group’s largest shareholder has slammed the proposed acquisition of John Menzies Distribution, deeming it a bad deal for shareholders, an attempt to distract from “terrible” operating results and a “face saving exercise for the DX board”.
The extraordinary general meeting called for by a DX Group shareholder has been cancelled after the delivery company announced its intention to buy Menzies Distribution.
Yusen Logistics has been awarded the nationwide retail and trade distribution contract by Smeg UK.