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 seen its annual profit collapse by more than 200% after a calamitous period, which saw its one time star-performer Tuffnells lose its way and attempts to restructure the group hit the wall.
Tuffnells owner Connect Group has been given the green light by the Competition and Markets Authority (CMA) to sell its care and education division to education resource provider RM.
Connect Group is set to complete a £9.9m deal with property firm Urban Logistics for the sale and leaseback of six of Tuffnells’ depots, in a move aimed to cut the company’s debt.