Tesco’s £3.7bn merger with wholesaler Booker has won approval from shareholders. Following support from the supermarket group’s investors, Tesco confirmed in a statement that Booker’s shareholders had now also backed the deal. The combined business is expected to start operating on 5 March 2018. Dave Lewis, group chief executive at Tesco, said: “I’m delighted that the shareholders of both companies have supported the merger. “This merger is about growth, bringing together our complementary retail and wholesale skills to create the […]
Culina Logistics has shortened ambient supply chains for supermarket giant Tesco, with the roll-out of a new ‘Day 1 for Day 2’ delivery service. The logistics firm will consolidate suppliers’ deliveries at its multi-user facility in Wolverhampton, for onward trunking to Tesco’s NDC network on a six-day Monday to Saturday cycle. Culina says the ambient grocery market has traditionally operated with orders being placed on Day 1 for delivery on Day 3 across a five-day Monday to Friday cycle, but […]
Fast growing logistics firm Advanced Supply Chain Group (ASCG) has been acquired by the Reconomy Group, which specialises in outsourced services to drive the circular economy.
Same day courier firm CitySprint has completed its third acquisition this year with its purchase of Enfield-based The Courier Service.