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 […]
Lloyd Dunn has been appointed CEO of DX Group, which has secured £24m from investors to get the business back on track.
DX Group shareholders controlling almost a fifth of the company have signed a letter demanding the board terminates discussions with John Menzies about a proposed takeover, unless the deal is improved significantly.
Eddie Stobart Logistics (ESL) has extended its reach in the bulk sector after clinching a five year deal with Lallemand Biofuels and Distilled Spirits (LBDS).