logistics Archives

Billionaire Zara founder pays €327 million for Italy logistics

September 10, 2024 mpsingh No Comments Beauty Billionaire, Founder, Italy, logistics, million, pays, Zara

By Bloomberg Published September 10, 2024 Amancio Ortega, the billionaire founder of Spain’s Zara, has acquired logistics assets in Italy for €327 million ($361 million). Amancio Ortega The purchase, which includes locations in Milan and Rome, follows a string of similar deals by Ortega investment vehicle Pontegadea Inversiones SL, a company spokesperson said, confirming an [...]read moreBillionaire Zara founder pays €327 million for Italy logistics

Workers at Inditex’s Zaragoza logistics hub to get 12% pay rise

June 13, 2024 mpsingh No Comments Beauty Hub, Inditexs, logistics, pay, rise, Workers, Zaragoza

By Reuters Published Jun 13, 2024 Around 1,800 workers at one of Zara owner Inditex‘s main logistics centres in Spain will get a direct pay increase totalling 12% over the next three years plus additional compensation under a preliminary deal unions said they had reached with the company. Reuters Inditex declined to comment on the [...]read moreWorkers at Inditex’s Zaragoza logistics hub to get 12% pay rise

Nike signs deal for major new UK logistics hub at Corby

May 15, 2024 mpsingh No Comments Business Corby, deal, Hub, logistics, Major, Nike, signs

Nike is huge in the UK but clearly has even bigger ambitions if its latest behind-the-scenes move is any guide. It’s to open a new state-of-the-art UK Logistics Campus and national supply chain hub at Magna Park in Corby, East Midlands. And its’s going to be massive. Real estate owner/developer GLP said the US sports [...]read moreNike signs deal for major new UK logistics hub at Corby

Inditex to establish a logistics center in Zaragoza, generating 1500 job opportunities

March 20, 2024 mpsingh No Comments Beauty center, establish, Generating, Inditex, Job, logistics, Opportunities, Zaragoza

Translated by Roberta HERRERA Published Mar 13, 2024 During the presentation of its 2023 fiscal year results, which boasted record-breaking sales and profits, the Inditex group announced strategic moves to bolster its logistical progress. Foremost among these is the construction of a new center in Zaragoza spanning 286,000 square meters. Furthermore, it will initiate operations [...]read moreInditex to establish a logistics center in Zaragoza, generating 1500 job opportunities

Industrial action ends at Lacoste’s French logistics subsidiary

February 21, 2024 mpsingh No Comments Beauty action, ends, French, industrial, Lacostes, logistics, subsidiary

Translated by Nicola Mira Published Feb 21, 2024 After a week of picketing, the strike at the Solodi 2 site in Buchères, near Troyes, France, operated by Lacoste’s logistics subsidiary Solodi, ended on the evening of February 19. The workers – who had been joined in solidarity by the employees of Solodi’s other site in nearby [...]read moreIndustrial action ends at Lacoste’s French logistics subsidiary

Boohoo Daventry logistics site to close

January 23, 2024 mpsingh No Comments Beauty Boohoo, close, Daventry, logistics, Site

Housekeeping appears to be near the top of Boohoo’s ‘to do’ list in January. After news that it’s considering closing its two-year-old, state-of-the-art factory in Leicester earlier this month, the fashion e-tailer now wants to close its Daventry warehouse as it looks to streamline its distribution network. Around 400 jobs are at risk. The Daventry site [...]read moreBoohoo Daventry logistics site to close