Marks & Spencer Completes Acquisition Of Gist

• Marks & Spencer completes acquisition of Gist as part of accelerating its Food supply chain transformation

Further to the announcement on 21 July 2022, Marks and Spencer Group plc confirms that the acquisition of Gist, the principal contract logistics provider to M&S Food, completed on 30 September 2022. Since signing in July, all necessary merger control approvals have been obtained and the separation of businesses not forming part of the acquisition target have completed.

Stuart Machin, Chief Executive, Marks & Spencer said: "Today's completion marks a step forward in our multi-year programme, which will transform our entire supply chain. We have been open about the limitations of our legacy contract with Gist and through this decisive acquisition we have removed that impediment to our growth. We can now take full control of our food supply chain for the first time in M&S history and invest in a fit for the future logistics network."

Source : Marks & Spencer

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