A general meeting of Eddie Stobart Logistics (ESL) shareholders is to take place on Friday, December 6 to consider DBAY Advisors’ bid for the troubled haulier. The Isle of Man-based private equity company has offered ESL a £55m capital injection and will take a 51% stake in the company if shareholders accept its proposal. A DBAY takeover would see William Stobart – the fourth child of Eddie Stobart, who founded the company in the 1940s – assume the role of executive […]
Bibby Distribution has welcomed former employee Dean Jones back to the business in the newly created role of sector director.
The MD of Eddie Stobart has said he is “extremely pleased” that the Doncaster driver row has finally been resolved. Speaking after Unite revealed its members had accepted an improved redundancy offer, the details of which were not disclosed, Eddie Stobart MD David Pickering said: “Since the start of September, we’ve worked diligently and professionally to come up with the best possible package for the drivers and to provide a range of alternative employment options. “It’s a positive way to […]
Stobart Group’s plans to partially divest its transport business, creating a new private company Eddie Stobart Logistics, has received the backing of shareholders at a general meeting today.