Connect Group’s Smiths News division has secured a new five year deal with magazine distributor Frontline, bringing further signs of an upturn in the group’s fortunes. The £750m deal closely follows the renewal of its contract with News UK in July. It will see Smith News continue to deliver Frontline’s 40% share of the UK magazine market. The renewal of the two contracts amount to 30% of Smith News’ sales revenue. The Frontline deal brings much needed positive news to […]
Connect Group has warned its performance since May has been “slightly below” market expectations, as it revealed that its plan to slash group debt through the sale and leaseback of property had hit the buffers.
Connect Group has appointed the former CEO of an American logistics supplier as its new chief executive, after a troubling set of results for the group triggered the resignation of Mark Cashmore last month.