Clipper wins new contract with Pep & Co

20 April 2015

Clipper wins new Contract with Pep & Co

Clipper Logistics plc ("Clipper", "the Group" or "the Company"), a leading provider of value-added logistics solutions and e-fulfilment to the retail sector, is pleased to announce that it has signed a new contract with Pepkor UK Retail Limited which owns the fashion brand Pep & Co.

PEP&CO is the first strategic investment made by Pepkor UK, a venture established in 2014 by former Asda CEO Andy Bond and ex-Bain & Company consultant Mark Elliott.

Pepkor UK manages corporate activity in the United Kingdom in support of the wider Pepkor group - a Cape Town-based investment company with retail interests in Africa, Australia and Eastern Europe.

PEP&CO plans to open its first store, in Kettering, Northamptonshire in July and expects to have 50 outlets up and running by the end of August, selling family fashion and homewares on the high street, convenient for mums and kids.

Clipper is a leading provider of innovative warehousing, distribution and associated services, and is in addition a market leader in the provision of e-fulfilment and returns management services, focusing on the retail sector.

Under the new agreement, Clipper will provide warehousing, returns management and other logistics services in respect of Pep & Co fashion, accessories and general merchandise from its distribution centre at Swadlincote.

Mark Jackson, CFO of Pep & Co, said "We're delighted to bring Clipper into our Pep&Co team - they'll play a pivotal role in helping us deliver family fashion at amazing prices in our new high street stores."

Steve Parkin Executive Chairman of Clipper said: "We are delighted to have been selected to support Pepkor in the UK launch of its Pep & Co stores. This follows closely on the heels of several new contract wins for Clipper including a new ten year contract with John Lewis Partnership and the new Zara e-fulfilment contract announced last week. This clearly demonstrates the very significant progress made by the Group since its flotation last year. Our innovative, solutions driven approach to retail logistics makes Clipper class leading and the go to provider of logistics services in the UK."

About Clipper

Founded by Steve Parkin in 1992, Clipper is amongst the leading providers of value- added logistics solutions and e-fulfilment to the retail sector in the United Kingdom, with an expanding business in Germany and employs nearly 3,000 people. The Group provides consultancy-led services within the online fashion and general merchandise sectors to its blue-chip client base including Zara, Harvey Nichols, ASOS, The John Lewis Partnership, Asda, Supergroup, Morrisons, New Look, Tesco and Sainsbury's.