Re Contract
26 März 2003 - 8:00AM
UK Regulatory
RNS Number:1996J
Tibbett & Britten Group PLC
26 March 2003
26 March 2003
TIBBETT & BRITTEN GROUP PLC
Mothercare Contract
Tibbett & Britten Group plc, the leading UK based international contract
logistics and supply chain management Company, is pleased to announce that
following a review of its warehouse and distribution requirements, Mothercare
has confirmed its partnership with Tibbett & Britten.
The contract has been amended to a two-year rolling contract with a management
fee that includes an element payable against the achievement of performance
measures.
Chief Executive, Mike Arrowsmith, commented:
"These arrangements with Mothercare reflect the spirit of partnership that has
developed with the new management team. Furthermore, these arrangements provide
the necessary flexibility to build and reward continued performance
improvements. We are confident that the relationship now in place will
facilitate the achievement of these goals."
Enquiries:
Tibbett & Britten Group plc 020 8327 2000
Mike Arrowsmith, Chief Executive
Hudson Sandler 020 7796 4133
Andrew Hayes/Jessica Rouleau
This information is provided by RNS
The company news service from the London Stock Exchange
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