More than 600 jobs at XPO Logistics are at risk after the collapse and subsequent sale of House of Fraser to Sports Direct, which has left the operator owed £30.4m. The department store group initially agreed a company voluntary arrangement in June. The business was subsequently put into administration with EY, and then the majority of assets sold to Mike Ashley’s Sport Direct for £90m on the 10 August. Sports Direct has been a major shareholder in the retail chain […]
Wholesale drinks distributor Waverley TBS is being wound-up by its administrators after they failed to find a buyer for the business. The company, which has two large DCs at Punchbowl Park in Hemel Hempstead and Felling, near Gateshead, as well as smaller deports across the UK, was licensed to run more than 300 vehicles. These were operated via a combination of own-account and third party providers. As a consequence of the failure to find an outright buyer, 685 Waverley employees […]
Marks & Spencer has called time on its Neasden, north London DC. However, the high street retailer has said it will open a 495,000ft² clothing and home DC in Welham Green, Hertfordshire, early next year.
Failed container haulier Deben Transport owed unsecured creditors close to £2.4m when it was placed into administration on 13 April, as well as more than £1.4m to HMRC.