Distribution firm John Menzies said it had signed a five year extension to its contract with Marketforce, one of the UK's largest magazine distributors.
The agreement will see the company's newspaper and magazine wholesaling division, Menzies Distribution, continue to handle Marketforce's products across its network and secures £122m of annual sales revenue.
It will run for five years and is effective from January 2015.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
David McIntosh, Managing Director of Menzies Distribution, said the renewed terms with Marketforce quickly followed a recent contract renewal with News International.
"This is a further positive event for Menzies Distribution and is testimony to our drive to deliver the high service levels demanded by our customers," he said.
-
How much should I have in emergency savings?When your boiler breaks or your car won’t start, you can find yourself paying a hefty bill. How much should you have in emergency savings to cover unexpected costs?
-
ISA investments by age: should I invest more in my stocks and shares ISA?Stocks and shares ISAs are a great way to grow long-term wealth, but are they overlooked compared to cash savings? We look the average ISA investment by age and if you should have more.
