A union representing workers at two XPO Logistics sites said a report earlier this week that the operator and its client House of Fraser had reached a compromise appears to be false. XPO Logistics is owed £30.4m as a creditor of the department store chain, 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 has been withholding services to House of Fraser from the administration […]
A €3.2bn (£2.3bn) acquisition of French transport and logistics giant Norbert Dentressangle by US group XPO Logistics could be just the first in a series of takeovers of European companies the Greenwich, Connecticut firm’s chairman Bradley Jacobs has said.
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.