London, UK: Marks & Spencer has awarded Gist a 12 year warehousing and distribution services contract, with the first year of the contract estimated to be worth some £300m.
Allowing for the growth in the M&S food business, the contract could be worth more than £3.6 billion over the full period making it one of the largest logistics contracts ever signed in Europe.
This new agreement is a continuation of the long-standing relationship between the two businesses. Gist will continue to provide daily food deliveries from its national network of regional distribution centres to M&S stores across the UK, Eire, France & the Netherlands.
The agreement also sees an extension to Gist’s work in M&S’s primary logistics network – collecting M&S food products from suppliers and delivering to regional distribution centres – and delivery services to M&S’s expanding network of owned and franchised stores in Western Europe.
Steve Rowe, M&S executive director for food said: “Our supply network has helped us deliver market leading growth, delivering our customers fresh, innovative and special foods every single day. With more stores, new products and expansion in Europe, we’re growing and Gist will play a major role in helping us deliver our ambitious plans over the next 12 years.”
Martin Gwynn, chief executive, Gist, said: “We are delighted to be extending our partnership with Marks and Spencer to 2027. I would like to thank all of the people who have been involved over many years in making this relationship such a success; we greatly look forward to supporting the excellent M&S foods business into the future”