Lenders to Eddie Stobart Logistics (ESL) are understood to have recruited advisers to help negotiate a potential financial restructuring of its £155m net debt position. Sky News claims lenders have called in Alverez & Marsal, a global professional services firm notable for its work in turnaround management and performance improvement for high-profile international businesses such as Lehman Brothers and Arthur Andersen. Lenders are demanding answers after ESL failed to publish half-year results amid ongoing investigations into accounting irregularities. The news […]
Soft drinks manufacturer Britvic is switching its entire UK transport requirement back to Eddie Stobart, just over a year after signing up Wincanton to deliver as part of a five-year deal, MT can reveal.
More than 700 Co-operative Food drivers are preparing to take strike action against the retailer’s proposal to transfer 87 Coventry-based drivers to Eddie Stobart.