UK: M&S Cuts Warehouse Contractors, Takes £35m Charge
High street giant Marks & Spencer on Thursday announced it has slashed its contractors for warehousing from four to two and will take a £35 million exceptional charge as a result. The company said following a review of its UK general merchandise logistics operations, Christian Salvesen will continue to manage its current three UK warehouses while Exel has been awarded a contract to operate seven UK warehouses.
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