The investor that successfully campaigned against DX Group’s former executive team last year has called for Wincanton to sell one of its two divisions after buying a 2% stake in the 3PL. Gatemore Capital Management made headlines last year as a DX Group shareholder, when it demanded the removal of then- board chairman Bob Holt and non-executive director Paul Murray after the operator’s share price plummetd. It later bought more shares in the business, making it the group’s majority shareholder. […]
After revealing its positive outlook for the rest of the current financial year last week, Wincanton’s continually increasing share price has hit its highest point since the MT Tracker began in January. The company updated investors that it had performed well in the first quarter of its current financial year, despite slipping container volume.
Wincanton has won a contract extension with organic skincare firm Neal’s Yard, which will run until at least 2014. The logistics firm has worked with Neal’s since 2008 when it scooped a three-year deal to handle warehousing and deliveries from its 500,000ft² shared-user DC in Greenford, West London. Jon Hiatt, operations director at Neal’s Yard Remedies, says: “To support our growth plans we need the flexibility that Wincanton’s supply chain solutions provide, coupled with the agility to be able to […]
Wincanton has revealed the full details of its warehousing contract with fashion retailer SuperGroup, which it began working on late last year. The logistics giant is part way through a two-year deal with SuperGroup to operate a distribution warehouse at Gloucester Business Park. The group, owner of fashion chain SuperDry, is investing £1.5m to develop the new hub following the transfer of its retail distribution operations from a neighbouring Barnwood warehouse. Wincanton stepped in late last year to help SuperGroup […]