Marks and Spencer Contracts with Gist for 12 Years
Published By : 13 May 2015 | Published By : QYRESEARCH
The British retailer Marks & Spencer (M&S) has contracted with Gist for 12 years for warehousing and distribution services. The cost of the contract for the first year is estimated at £300m.
The new contract keeps the continuation of the long-standing association of the two businesses. Gist will continue providing daily food deliveries from regional and national distribution centers to M&S stores spread across France, UK, Netherlands, and Eire.
The agreement is also an extension of Gist’s association with M&S for its primary logistics network. This includes collection of food products of M&S’s from suppliers and to deliver to regional centers for distribution. The services also includes delivery services to the expanding network of M&S’s franchised self owned and stores in the whole Western Europe.
The Executive director for food at M&S commented, the supply network of the company has led to deliver leading growth for the market, with the aim to deliver fresh, special, and innovative foods to its customers each single day.
As the company plans to open stores and launch more products and expand in Europe, the association with Gist will help to achieve ambitions in the next 12 years.
The CEO at Gist commented, the company was delighted to extend partnership with M&S until 2027. He further commented and thanked all the individuals who have been involved in the alliance to make the partnership a success. The CEO further commented that it looks forward to support the excellent foods business at M&S in coming years.