A privately funded consortium is buying the delivery company which serves Argos and merging it with industry rival Shift, Sky News can reveal.
By Mark Kleinman, City editor @MarkKleinmanSky
Tuesday 13 February 2024 07:08, UK
The collapse of Yodel, one of Britain’s biggest parcel delivery groups, has been averted after an overnight rescue deal led by the founder of Shift, a rival operator.
Sky News has learnt that a newly formed company called YDLGP, which is backed by Shift executives and Solano Partners, a merchant bank, struck a deal early…
