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. Menzies backed out of its acquisition deal with DX Group after a trading update from the group made it clear DX would not be able to meet the terms of the agreement. Also confirmed was the departure of DX CEO Petar Cvetkovic and […]
Newspaper and magazine transport firm Menzies Distribution has revealed that it is currently in talks with high street retailers about delivering other types of freight.
DX Group has appointed a new chief financial officer after his predecessor left the business amid a flurry of resignations at the embattled operator last year.
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.