New Contract Win

Clipper Logistics plc

New Contract Win

Clipper Logistics plc ("Clipper", "the Group" or the "Company"), a leading provider of value-added logistics solutions, e-fulfilment and returns management services to the retail sector, is pleased to announce that it has signed a new 5 year contract with Joules, the premium British lifestyle brand, to provide logistics services for the Joules business.

Following a staff consultation period the new contract is planned to commence in early 2020 with the sites employing approximately 200 colleagues. There will be a multi-million pound investment programme into the operation during 2020 and 2021 to expand capacity, drive efficiency and modernise the facilities.

This will be a fast-moving fulfilment and logistics operation involving inbound deliveries from a variety of UK based and international suppliers over seven days a week and will fulfil orders for the retail, e-commerce and wholesale customers of the Joules brand.

Steve Parkin, Executive Chairman of Clipper said: "The new contract with Joules represents a significant contract win and is demonstrative of our ability to deliver cost-effective solutions for retailers of any scale. We are delighted to have been awarded this contract with one of the premier multi-channel retailers in UK and Europe, and look forward to working with the Joules team over the years ahead."

Marc Dench CFO, Joules Group plc commented: "We are delighted to be entering this long-term partnership with Clipper for the operation of our distribution centre in Corby. Through the process we have been impressed with Clipper's capabilities and their cultural alignment with our business."

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Notes to editors

Founded by Steve Parkin in 1992, Clipper is amongst the leading providers of value-added logistics solutions, e-fulfilment and returns management services to the retail sector in the United Kingdom, with an expanding business in Germany and employs over 4,700 people. The Group provides consultancy-led services within the online fashion and general merchandise sectors to its blue-chip client base including Harvey Nichols, ASOS, The John Lewis Partnership, Asda, Supergroup, Morrisons and PrettyLittleThing