Delivery group TNT to sell Dutch fashion supply unit and merge UK activities

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Dutch express delivery group TNT Express NV (AMS:TNT) on Tuesday said it would look into a potential disposal of its specialist fashion supply chain unit TNT Fashion.

The group is exploring the potential sale of TNT Fashion Group BV, the Dutch part of the TNT Fashion business, in an effort to secure service continuity, it said, adding that the UK activities of the unit will be combined with TNT Express UK & Ireland’s operations to achieve synergies.

TNT Fashion Group BV, with around 660 employees, provides supply chain services, including storage, packing/repacking, distribution and retailing services to customers ranging from high-end designer labels to high-volume retailers.

TNT Express hopes to close a potential disposal of this business by the end of this year, it said.

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