Connect Group has revealed further details of the strategic review of its troubled Tuffnells business after announcing that CEO Jos Opdeweegh has stepped down. He will be replaced by new interim CEO John Bunting. The group has also published its preliminary results for the year ended 31 August 2019 which show Tuffnells sales of £164.6m were down by 6.4% resulting in an Adjusted Operating Loss of £14.1m, down by £9.1m. Overall group revenue was down 4.3% to £1,467.9m and profit […]
Tuffnells owner Connect Group is to sell its care and education division in order to focus on the growth of its parcels and news services.
Connect Group-owned Smith News has renewed a major deal with magazine importer Seymour Distribution worth almost £400m.
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.