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. David Mulligan will assume the role as CFO from 9 April. James Hayward, who has been acting CFO since July last year, will stay at DX for “a period” to hand over the role. Mulligan joins DX from model railway business Hornby, where he was credited with a business restructure and turnaround. He also […]
DX Group made a pre-tax loss of more than £80m in the year ended 30 June 2017.
A 90% plummet in DX Group’s share price has prompted its largest shareholder to call for the removal of two board members for their “inexcusable” performance.
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.