XPO Logistics and House of Fraser may have reached a compromise in their supply chain dispute, which has paralysed the department store chain. The logistics firm is owed £30.4m as a creditor of the retailer, which was placed into administration on 10 August and saw most of its assets sold to Mike Ashley’s Sports Direct shortly after. The operator had been withholding services to House of Fraser as a consequence from the administration date. XPO Logistics has two warehouses it […]
XPO Logistics is processing e-commerce orders more than 10% faster after installing barcode scanners with machine vision in some of its UK warehouses.
The acquisition of Christian Salvesen in 2007 was a watershed moment for Norbert Dentressangle. Not only did it nearly double its turnover over night (from €1.8bn in 2007 to €3.1bn in 2008) it was the catalyst for a major international acquisition spree that has seen it expand its interests into Spain, Italy, Portugal, Russia and the USA. This boom also saw it buy TDG, and its annualised turnover of £700m.
XPO Logistics has begun raising $3.26bn (£2.1bn) to finance its takeover of Norbert Dentressangle and for other, as yet unspecified acquisitions.