Logistics Group Ltd, owned by the Barclay family, which was the parent of Yodel Delivery Network until recently has entered administration. Daniel Butters and Daniel Smith of Teneo were appointed joint administrators on March 22nd by HSBC.
According to ArrowXL CEO Charlie Shiels, the business he leads, which is also owned by Logistics Group, is NOT affected by what he described as a shareholder-related matter. Shiels said that ArrowXL is doing business as usual and that its operations and plans for 2024 are unaffected.
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