More than 330 jobs have been saved after the administrator at Nottinghamshire-based Promotional Logistics sold three of its sites in a management buy-out. Newly created business, Prolog Fulfilment, led by former Promotional Logistics management team Neil Daniells and Nick Hoare, acquired two sites on the Sherwood business park in Annesley, north Nottinghamshire and one in Sudbury, Essex. According to administrator Mazars, under the sale agreement Prolog Fulfilment will also operate the three remaining sites in Sherwood Park on its behalf […]
Administrators working for warehouse and distribution firm Prolog said they had saved 130 jobs after selling off part of the business to clothing retailer Cotton Traders.
A senior figure at one of the UK’s biggest logistics groups has claimed the Covid-19 pandemic will lead to more multi-user transport operations as companies look to cut costs.
Norbert Dentressangle will cease providing warehousing and distribution services to collapsed retail chain Comet from tomorrow (21 December). Last month the operator warned its five-year £100m contract with Comet, which it only signed earlier this year, was in the hands of the retail chain’s administrator Deloitte. At the start of this week Deloitte closed the last of the retail chain’s stores in the absence of an acceptable offer for the whole business. Richard Cawston, business unit director at Norbert Dentressangle, […]