Friday - 03 September 2010

M&S signs £2bn deal with Gist

Published: 19 May 2009 08:10 AM
Industry Channel: Transport & Distribution

Marks & Spencer has signed a ten-year contract with Gist, worth an estimated £2 billion.

The deal extends the long-standing relationship which has been in place for more than 35 years.

Gist will continue to manage M&S’s food supply chain in the UK and will take on new business including the food supply chain for the retailer in southern Ireland.

In addition, Gist will be responsible for delivery of all frozen and bread products to stores.

Ian Mumby, head of food logistics at M&S, said: “Gist has consistently provided Marks & Spencer with a reliable, professional service, and take a proactive approach to creating added value through cost savings and improved customer service. A fast and efficient supply chain is fundamental to our food business and Gist is an organisation we can trust to meet our needs.”

Martin Gwynn, chief executive of Gist, added: “We are delighted to be extending, both in terms of scope and time, our truly valued relationship with Marks & Spencer. This is a testament to the commitment and dedication of our people to keep positively striving to improve value, service and innovation.”

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