{"id":197247,"date":"2022-02-21T09:40:27","date_gmt":"2022-02-21T09:40:27","guid":{"rendered":"https:\/\/www.theindustry.fashion\/?p=197247"},"modified":"2022-02-21T18:02:03","modified_gmt":"2022-02-21T18:02:03","slug":"clipper-confirms-943m-offer-by-gxo-logistics","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/clipper-confirms-943m-offer-by-gxo-logistics\/","title":{"rendered":"Clipper confirms \u00a3943m offer by GXO Logistics"},"content":{"rendered":"<p>E-commerce fulfilment provider Clipper Logistics, which<strong> provides services to Marks &amp; Spencer,\u00a0Boohoo, John Lewis, ASOS, JD Sports, Morrisons and Asda<\/strong> among others,\u00a0has confirmed it has received a \u00a3943m offer from American giant GXO Logistics.<\/p>\n<p><!--more--><\/p>\n<p>London-listed Clipper said it had<span class=\"Apple-converted-space\">\u00a0<\/span>reached agreement on the key terms of a possible cash and share offer and, should a firm offer be made, it would be<span class=\"Apple-converted-space\">\u00a0<strong>\"<\/strong><\/span><strong>minded to recommend it unanimously\" to its shareholders.\u00a0<\/strong><\/p>\n<p><span class=\"Apple-converted-space\">The<strong> 920p per share offer represents a 49% premium on Clipper's closing\u00a0price on 18 February 2022,\u00a0<\/strong>and\u00a0would be comprised\u00a0<\/span>690p in cash with the balance made up from GXO shares.\u00a0<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>GXO is intending to offer a \"mix and match facility\" to Clipper shareholders under which Clipper shareholders may elect, subject to availability, to vary the proportions in which they receive new GXO shares and cash in respect of their holdings in Clipper shares.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>The American business said the purchase of Clipper would <strong>allow it to access the British firm's expertise and technology in returns and repairs<\/strong> allowing it to expand the range of e-fulfilment services it can offer. \u00a0It would also provide synergies and cost savings in procurement, as well as providing a presence in Germany and Poland, among other benefits.<\/p>\n<p>For the year ended 30 April 2021, <strong>Clipper generated revenue of \u00a3696 million with an underlying EBITDA of \u00a343 million.<\/strong>\u00a0GXO is the largest pure-play contract logistics provider in the world; it is listed in New York with a market capitalisation of $9.3 billion.\u00a0For the year ended 31 December 2021, GXO generated revenue of $7.9 billion ($5.79 billion) and net income attributable to common shareholders of $153 million (\u00a3112 million).<\/p>\n","protected":false},"excerpt":{"rendered":"<p> [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":197268,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[10585,20821,6,10494],"tags":[17492,21,23008,10714],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Clipper confirms \u00a3943m offer by GXO Logistics - TheIndustry.fashion<\/title>\n<meta name=\"description\" content=\"E-commerce fulfilment provider Clipper Logistics, which provides services to Marks &amp; Spencer,\u00a0Boohoo, John Lewis, ASOS, JD Sports, Morrisons and Asda\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theindustry.fashion\/clipper-confirms-943m-offer-by-gxo-logistics\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Clipper confirms \u00a3943m offer by GXO Logistics - TheIndustry.fashion\" \/>\n<meta property=\"og:description\" content=\"E-commerce fulfilment provider Clipper Logistics, which provides services to Marks &amp; Spencer,\u00a0Boohoo, John Lewis, ASOS, JD Sports, Morrisons and Asda\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.theindustry.fashion\/clipper-confirms-943m-offer-by-gxo-logistics\/\" \/>\n<meta property=\"og:site_name\" content=\"TheIndustry.fashion\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/theindustryfashion\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-21T09:40:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-02-21T18:02:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2022\/02\/69b378d8-ba62-44df-92d7-fc90bc16b800.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lauretta Roberts\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@theindustryfash\" \/>\n<meta name=\"twitter:site\" content=\"@theindustryfash\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lauretta Roberts\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.theindustry.fashion\/clipper-confirms-943m-offer-by-gxo-logistics\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.theindustry.fashion\/clipper-confirms-943m-offer-by-gxo-logistics\/\"},\"author\":{\"name\":\"Lauretta Roberts\",\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/person\/85b04a16eba8c6cd7a9534c5a4262b89\"},\"headline\":\"Clipper confirms \u00a3943m offer by GXO Logistics\",\"datePublished\":\"2022-02-21T09:40:27+00:00\",\"dateModified\":\"2022-02-21T18:02:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.theindustry.fashion\/clipper-confirms-943m-offer-by-gxo-logistics\/\"},\"wordCount\":269,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#organization\"},\"keywords\":[\"Clipper Logistics\",\"E-commerce\",\"GXO Logistics\",\"Logistics\"],\"articleSection\":{\"0\":\"Finance\",\"2\":\"Logistics\",\"3\":\"News &amp; Insight\",\"4\":\"Retail &amp; Etail\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.theindustry.fashion\/clipper-confirms-943m-offer-by-gxo-logistics\/#respond\"]}],\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.theindustry.fashion\/clipper-confirms-943m-offer-by-gxo-logistics\/\",\"url\":\"https:\/\/www.theindustry.fashion\/clipper-confirms-943m-offer-by-gxo-logistics\/\",\"name\":\"Clipper confirms \u00a3943m offer by GXO Logistics - TheIndustry.fashion\",\"isPartOf\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#website\"},\"datePublished\":\"2022-02-21T09:40:27+00:00\",\"dateModified\":\"2022-02-21T18:02:03+00:00\",\"description\":\"E-commerce fulfilment provider Clipper Logistics, which provides services to Marks &amp; Spencer,\u00a0Boohoo, John Lewis, ASOS, JD Sports, Morrisons and Asda\",\"breadcrumb\":{\"@id\":\"https:\/\/www.theindustry.fashion\/clipper-confirms-943m-offer-by-gxo-logistics\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.theindustry.fashion\/clipper-confirms-943m-offer-by-gxo-logistics\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.theindustry.fashion\/clipper-confirms-943m-offer-by-gxo-logistics\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.theindustry.fashion\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Clipper confirms \u00a3943m offer by GXO Logistics\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.theindustry.fashion\/#website\",\"url\":\"https:\/\/www.theindustry.fashion\/\",\"name\":\"TheIndustry.fashion\",\"description\":\"Fashion news, insights, podcasts and events for professionals from across the fashion sector.\",\"publisher\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.theindustry.fashion\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.theindustry.fashion\/#organization\",\"name\":\"TheIndustry.fashion\",\"url\":\"https:\/\/www.theindustry.fashion\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2022\/06\/LOGO.png\",\"contentUrl\":\"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2022\/06\/LOGO.png\",\"width\":585,\"height\":217,\"caption\":\"TheIndustry.fashion\"},\"image\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/theindustryfashion\/\",\"https:\/\/twitter.com\/theindustryfash\",\"https:\/\/www.instagram.com\/theindustryfashion\/\",\"https:\/\/www.linkedin.com\/company\/10970016\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/person\/85b04a16eba8c6cd7a9534c5a4262b89\",\"name\":\"Lauretta Roberts\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/c0dfd15bd9969aa1cbd9cdc088372e7c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/c0dfd15bd9969aa1cbd9cdc088372e7c?s=96&d=mm&r=g\",\"caption\":\"Lauretta Roberts\"},\"description\":\"Lauretta Roberts is the CEO, Co-founder and Editor-in-Chief of The.Industry.fashion She is also the former director of brand &amp; propositions of trend forecaster WGSN and a former editor of Drapers magazine.\",\"sameAs\":[\"http:\/\/www.theindustrylondon.com\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Clipper confirms \u00a3943m offer by GXO Logistics - TheIndustry.fashion","description":"E-commerce fulfilment provider Clipper Logistics, which provides services to Marks &amp; Spencer,\u00a0Boohoo, John Lewis, ASOS, JD Sports, Morrisons and Asda","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.theindustry.fashion\/clipper-confirms-943m-offer-by-gxo-logistics\/","og_locale":"en_GB","og_type":"article","og_title":"Clipper confirms \u00a3943m offer by GXO Logistics - TheIndustry.fashion","og_description":"E-commerce fulfilment provider Clipper Logistics, which provides services to Marks &amp; Spencer,\u00a0Boohoo, John Lewis, ASOS, JD Sports, Morrisons and Asda","og_url":"https:\/\/www.theindustry.fashion\/clipper-confirms-943m-offer-by-gxo-logistics\/","og_site_name":"TheIndustry.fashion","article_publisher":"https:\/\/www.facebook.com\/theindustryfashion\/","article_published_time":"2022-02-21T09:40:27+00:00","article_modified_time":"2022-02-21T18:02:03+00:00","og_image":[{"width":1024,"height":576,"url":"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2022\/02\/69b378d8-ba62-44df-92d7-fc90bc16b800.jpg","type":"image\/jpeg"}],"author":"Lauretta Roberts","twitter_card":"summary_large_image","twitter_creator":"@theindustryfash","twitter_site":"@theindustryfash","twitter_misc":{"Written by":"Lauretta Roberts","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.theindustry.fashion\/clipper-confirms-943m-offer-by-gxo-logistics\/#article","isPartOf":{"@id":"https:\/\/www.theindustry.fashion\/clipper-confirms-943m-offer-by-gxo-logistics\/"},"author":{"name":"Lauretta Roberts","@id":"https:\/\/www.theindustry.fashion\/#\/schema\/person\/85b04a16eba8c6cd7a9534c5a4262b89"},"headline":"Clipper confirms \u00a3943m offer by GXO Logistics","datePublished":"2022-02-21T09:40:27+00:00","dateModified":"2022-02-21T18:02:03+00:00","mainEntityOfPage":{"@id":"https:\/\/www.theindustry.fashion\/clipper-confirms-943m-offer-by-gxo-logistics\/"},"wordCount":269,"commentCount":0,"publisher":{"@id":"https:\/\/www.theindustry.fashion\/#organization"},"keywords":["Clipper Logistics","E-commerce","GXO Logistics","Logistics"],"articleSection":{"0":"Finance","2":"Logistics","3":"News &amp; Insight","4":"Retail &amp; Etail"},"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.theindustry.fashion\/clipper-confirms-943m-offer-by-gxo-logistics\/#respond"]}],"copyrightYear":"2022","copyrightHolder":{"@id":"https:\/\/www.theindustry.fashion\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.theindustry.fashion\/clipper-confirms-943m-offer-by-gxo-logistics\/","url":"https:\/\/www.theindustry.fashion\/clipper-confirms-943m-offer-by-gxo-logistics\/","name":"Clipper confirms \u00a3943m offer by GXO Logistics - TheIndustry.fashion","isPartOf":{"@id":"https:\/\/www.theindustry.fashion\/#website"},"datePublished":"2022-02-21T09:40:27+00:00","dateModified":"2022-02-21T18:02:03+00:00","description":"E-commerce fulfilment provider Clipper Logistics, which provides services to Marks &amp; Spencer,\u00a0Boohoo, John Lewis, ASOS, JD Sports, Morrisons and Asda","breadcrumb":{"@id":"https:\/\/www.theindustry.fashion\/clipper-confirms-943m-offer-by-gxo-logistics\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.theindustry.fashion\/clipper-confirms-943m-offer-by-gxo-logistics\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.theindustry.fashion\/clipper-confirms-943m-offer-by-gxo-logistics\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.theindustry.fashion\/"},{"@type":"ListItem","position":2,"name":"Clipper confirms \u00a3943m offer by GXO Logistics"}]},{"@type":"WebSite","@id":"https:\/\/www.theindustry.fashion\/#website","url":"https:\/\/www.theindustry.fashion\/","name":"TheIndustry.fashion","description":"Fashion news, insights, podcasts and events for professionals from across the fashion sector.","publisher":{"@id":"https:\/\/www.theindustry.fashion\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.theindustry.fashion\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.theindustry.fashion\/#organization","name":"TheIndustry.fashion","url":"https:\/\/www.theindustry.fashion\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.theindustry.fashion\/#\/schema\/logo\/image\/","url":"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2022\/06\/LOGO.png","contentUrl":"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2022\/06\/LOGO.png","width":585,"height":217,"caption":"TheIndustry.fashion"},"image":{"@id":"https:\/\/www.theindustry.fashion\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/theindustryfashion\/","https:\/\/twitter.com\/theindustryfash","https:\/\/www.instagram.com\/theindustryfashion\/","https:\/\/www.linkedin.com\/company\/10970016\/"]},{"@type":"Person","@id":"https:\/\/www.theindustry.fashion\/#\/schema\/person\/85b04a16eba8c6cd7a9534c5a4262b89","name":"Lauretta Roberts","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.theindustry.fashion\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/c0dfd15bd9969aa1cbd9cdc088372e7c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c0dfd15bd9969aa1cbd9cdc088372e7c?s=96&d=mm&r=g","caption":"Lauretta Roberts"},"description":"Lauretta Roberts is the CEO, Co-founder and Editor-in-Chief of The.Industry.fashion She is also the former director of brand &amp; propositions of trend forecaster WGSN and a former editor of Drapers magazine.","sameAs":["http:\/\/www.theindustrylondon.com"]}]}},"_links":{"self":[{"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/posts\/197247"}],"collection":[{"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/comments?post=197247"}],"version-history":[{"count":3,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/posts\/197247\/revisions"}],"predecessor-version":[{"id":197322,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/posts\/197247\/revisions\/197322"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/media\/197268"}],"wp:attachment":[{"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/media?parent=197247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/categories?post=197247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/tags?post=197247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}