M&S buys logistics provider Gist for £145m to accelerate transformation

Gist lorry outside M&S store

Marks & Spencer has purchased logistics provider Gist as it bids to take control of its end-to-end food supply chain

The retailer is buying the entire share capital of Gist for an initial cash offer of £145m, with a further £110m plus interest to be payable on certain conditions – including the ability to retain the brand’s freehold properties.

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