Eddie Stobart Logistics (ESL) has been saved from the threat of administration after shareholders voted to accept a takeover bid by private equity firm DBAY Advisors. DBAY will take control of ESL’s assets in a £75m bailout backed by William Stobart, fourth child of its founder Eddie, in a deal that gives it an eleventh-hour reprieve following reports that accountancy firm Deloitte had been lined up to prepare it for insolvency. The deal, which sees DBAY take a 51% stake […]
Wincanton is running the rule over a possible merger with Eddie Stobart Logistics (ESL).
Eddie Stobart and the Unite union will start talks at Acas this Thursday (15 November) in a bid to end the row over drivers’ jobs at Tesco’s Doncaster DC. A spokesman for Eddie Stobart confirmed to Motortransport.co.uk that the operator’s MD David Pickering will personally attending the talks with Unite at Acas. The move comes after a 72-hour walkout by 180 Unite driver members facing redundancy at the DC. This included a demo outside a Tesco store in Westminster. Eddie Stobart […]
Eddie Stobart could be a private company again as soon as April, according to a circular sent to shareholders of its parent group.