Andrew Tinkler, former boss of Eddie Stobart, is putting together a £75m rescue bid for ailing Eddie Stobart Logistics (ESL), according to reports. Tinkler, who headed up the business as part of the Stobart Group until 2014, is reported to be putting together a £50m package, with an additional £25m being raised by shareholders. He is reported to claim the deal will preserve value for shareholders. Tinkler told City AM: “Shareholders do take my offer seriously, and even Stobart Group […]
Wincanton has extended its relationship with B&Q, in a deal that sees it handling inbound container logistics as well as planning deliveries across the DIY chain’s national network. The operator, which has managed B&Q’s horticulture distribution for several years, became its sole UK ports-to-distribution centre provider earlier this year. It will handle 15,000 containers a year for B&Q as a result, and by moving a quarter by rail, estimates a CO2 saving of 3,400 tonnes year. Wincanton has also since […]
Smyths Toys Superstores has awarded Wincanton a one year distribution contract to handle the toy retailer’s nationwide deliveries. The contract will see Wincanton manage product distribution from the retailer’s warehouse in Newcastle-under-Lyme to its 39 stores across the UK. “When we began to look for a logistics partner we had a clear vision that we needed a provider with the scale and flexibility to meet our busy peak periods, such as the run-up to Christmas, to achieve maximum sales potential,” […]
Wincanton has extended and expanded its relationship with oil refining and energy firm Phillips 66 in a deal that will see it deliver in excess of one billion litres of petroleum products a year to forecourts across the Midlands and North-East of England.