xpo logistics news and archive

House of Fraser to close Wellingborough warehouse

A warehouse that supplies deliveries to House of Fraser stores and its customers is set to close, with about 300 jobs at risk of being lost. The Usdaw union said that the site, run by XPO Logistics, in Wellingborough, Northamptonshire, will shut on 10 April. Dave Thom, Usdaw Area Organiser, said in a statement: “There were clearly doubts over...

Retail

House of Fraser website expected to reopen next week

Department store chain House of Fraser, which was acquired by Mike Ashley’s Sports Direct immediately after it went into administration, is expected to reopen its website next week, reports The Guardian. The company had taken down its website on August 15 and then due to delays in delivering online orders, decided to cancel all orders and refund...

Business

XPO Logistics buys Norbert Dentressangle

American company XPO Logistics has agreed to buy a majority interest in French logistics business Norbert Dentressangle in a deal worth 3.24 billion euros. Founder Norbert Dentressangle is selling his family's 67 percent stake in the Lyon-based company to XPO Logisitics, while the US company will launch a tender offer for the remaining shares....