Connect Group-owned Smith News has renewed a major deal with magazine importer Seymour Distribution worth almost £400m. This latest win comes just weeks after Connect Group’s latest annual results revealed a 200% collapse in profit for the year to 31 August 2018. The agreement secures all Smiths News’ distribution territories with Seymour from 2020 through to 2025. The deal with Seymour, one of the largest importers of magazines into the UK, represents revenues of around £79m a year, according 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.
Menzies Distribution has delivered new contracts with the Frontline Group, winning the magazine sales and distribution company’s business from previous transport supplier CM Downton.
Tuffnells owner Connect Group has completed the sale of its care and education division to education resource provider RM.