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Clipper Logistics secures five-year contract with Joules
13th Jan 2020 12:27
(Sharecast News) - Clipper Logistics has signed a five-year contract with fashion brand Joules to provide logistics services.
The new contract is set to start early this year, employing around 200 people. There will be a multi-million pound investment programme into the operation this year and the next to expand capacity, Clipper said.
"This will be a fast-moving fulfilment and logistics operation involving inbound deliveries from a variety of UK based and international suppliers over seven days a week and will fulfil orders for the retail, e-commerce and wholesale customers of the Joules brand," the company said.
Marc Dench, chief financial officer of Joules Group, said: "We are delighted to be entering this long-term partnership with Clipper for the operation of our distribution centre in Corby. Through the process we have been impressed with Clipper's capabilities and their cultural alignment with our business."
At 12340 GMT, the shares were up 1.8% at 290p.
The new contract is set to start early this year, employing around 200 people. There will be a multi-million pound investment programme into the operation this year and the next to expand capacity, Clipper said.
"This will be a fast-moving fulfilment and logistics operation involving inbound deliveries from a variety of UK based and international suppliers over seven days a week and will fulfil orders for the retail, e-commerce and wholesale customers of the Joules brand," the company said.
Marc Dench, chief financial officer of Joules Group, said: "We are delighted to be entering this long-term partnership with Clipper for the operation of our distribution centre in Corby. Through the process we have been impressed with Clipper's capabilities and their cultural alignment with our business."
At 12340 GMT, the shares were up 1.8% at 290p.