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The Guardian - UK

Business

Jasper Jolly

John Lewis logistics firm Clipper agrees £940m US takeover

Clipper United States John Lewis PPE GXO GXO Logistics Leeds United Kingdom

Clipper Logistics truck — Clipper Logistics’ customers include John Lewis, Marks & Spencer, Morrisons and Asda. Photograph: Justin Kase z12z/Alamy

A warehousing company that counts John Lewis, Marks & Spencer, Morrisons and Asda among its customers has agreed a possible takeover deal worth up to £940m with a New York rival, in the latest sign of the boom in online delivery.

The board of Clipper Logistics, headquartered in Leeds, unanimously recommended the possible takeover offer by New York-listed GXO Logistics of 690p a share plus shares in the Connecticut-based company worth up to 230p for each Clipper share.

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