Marks and Spencer buys Gist

 

Marks and Spencer Group has acquired Gist, the principal contract logistics provider to M&S Food, for GBP230m 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.

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