Troubled haulier Eddie Stobart Logistics (ESL) has won a six-month breathing space on repaying a £200m loan and more than a year’s extension before it has to prove to its lenders it can service the debt. The rescue plan sees Allied Irish Bank, Bank of Ireland, BNP Paribas, and KBC waive the firm’s banking covenants until early 2021 and defer loan repayments until July next year, according to reports. The plan was put together by private equity fund DBAY Advisors, […]
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 sealed a deal with ambient grocery firm LDH (La Doria) to provide warehousing.
Wincanton has revealed a slew of new business wins and renewed contracts, but is continuing to see competitive pressure across many of is divisions as customers focus on their costs.