Tag: Worldwide

CitySprint acquired from DMS in MBO

UK same-day courier company CitySprint has been acquired in a multi-million pound management buyout (MBO) deal from troubled Dispatch Management Services DMS and its new owners are predicting double-digit growth in 2002.
“We are looking at growth of 15-20% annually over the next three years,” said chief executive Andrew Bernard, who led the buyout. “We see that as realistic in 2002. Tt means increasing market share, but it has to be managed effectively.”

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Former Asda chief likely to lead Consignia

Allan Leighton, the former chief executive of Asda, is expected today to be named interim chairman of Consignia – formerly the Post Office – with a mandate to streamline its urban network and fight increasing competition in mail delivery.

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