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. The six depots are located in Andover, Coventry, Leighton Buzzard, Newport, Perth and Plymouth. Connect’s original aim to sell the entirety of Tuffnells’ property portfolio of 37 depots had to be scaled back this summer after it failed to find a buyer. This latest deal is part […]
Tuffnells has promised to interview any of the 450 Marks & Spencer staff that face losing their jobs when the retailer’s Hardwick DC closes in September.
Connect Group has continued to enjoy growth in the first half of its trading year driven by its acquisition of Tuffnells Parcel Express in 2014.