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 […]
Eddie Stobart and the Unite union could be heading to arbitration service Acas to end the row over drivers’ jobs at Tesco’s Doncaster DC. The move comes after a 72-hour walkout last week by 180 Unite driver members facing redundancy at the DC. This included a demo outside a Tesco store in Westminster. Eddie Stobart took over the transport function at Tesco’s DC in August and in September said it wanted to remove it and use its nationwide network to […]
Pall-Ex has purchased the pallet distribution business of Surrey-based member Cranleigh Freight Services.
TNT Express chief executive Marie-Christine Lombard has resigned, ahead of the parcel company’s acquisition by UPS. Chief financial officer (CFO) Bernard Bot will take over her position as interim CEO at the end of September, when Lombard leaves the company to pursue another career. “It is regrettable that Marie-Christine has decided to leave TNT Express now. We thank Marie-Christine for her contributions and wish her well for the future,” said Antony Burgmans, chairman of the supervisory board at TNT Express. […]