Tuffnells owner Connect Group has been given the green light by the Competition and Markets Authority (CMA) to sell its care and education division to education resource provider RM. Connect’s sale of the division to RM for £64.4m, including £56.5m cash and deficit of £7.9m, was announced in February this year. In April the CMA launched an investigation into whether the deal would lead to a “substantial lessening of competition” in the sector. The unconditional clearance of the deal means […]
Tuffnells has returned to profit just six months after being bought by the firm’s management team in May this year.
Tuffnells owner Connect Group is to sell its care and education division in order to focus on the growth of its parcels and news services.
Connect Group reveals more details of strategic review of troubled Tuffnells business as CEO steps down
Connect Group has revealed further details of the strategic review of its troubled Tuffnells business after announcing that CEO Jos Opdeweegh has stepped down.