Marks and Spencer buys Gist


 

Marks and Spencer Group has acquired Gist, the principal contract logistics provider to M&S Food, for £230m and said the move will accelerate its plan to modernise the food supply chain network. The British retailer said it spied substantial opportunities to create a more efficient supply chain and could reduce costs, update legacy systems and improve automation. Gist has worked with M&S for decades, as well as providing logistics services for third parties and freight forwarding work for BOC. In […]