Logistics group Wincanton pleased investors as it extended a long-running contract with drinks giant Pernod Ricard.
Wincanton, a former FTSE 250 member now in recovery mode, has been awarded a five-year extension to its warehousing and distribution contract for the UK.
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
Wincanton will be responsible for labelling and repackaging of bottles, with Pernod's brands including Absolut vodka, Chivas and Jameson whisky, and Jacob's Creek.
The warehouse team will also engage in product customisation, including repackaging bottles into gift boxes as well as building of point of sale display units for retail.
Wincanton Chief Executive Eric Born said the contract renewal "underlines our ongoing commitment to continuous improvement and seeking to unlock further potential in our customers' supply chains".
Phil Corfield, Operations and IT Director at Pernod Ricard UK, praised Wincanton's "excellent customer care".
He said: "Throughout our relationship, we have welcomed the Wincanton team's commitment to adding value and finding even more efficiencies in our supply chain through use of the latest technologies and processes."
OH
-
73% of savers plan to rely on partner’s pension in retirementA new survey suggests the majority of people may lack financial independence in retirement, with almost three-quarters set to rely on their partner’s pension
-
How much you need to follow the 25x retirement rule – will you have enough to be financially independent?We explain what the 25x retirement rule is and the amount you would need to be financially independent in retirement.
