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 […]
Increased volumes at Tuffnells Parcels Express and Pass My Parcel failed to offset falling newspaper and magazine sales in a recent trading update from Connect Group, which saw its turnover take a hit.
Tuffnells Parcels Express MD Chris Ward is leaving the business following its integration within parent company Connect Group.
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.