Comment / Teeming with (TGE) losses down under

Cash burn
ID 6502948 © Martin Gerner | Dreamstime.com
By

Christine Holgate is facing some extremely difficult choices in reviving Team Global Express (TGE) as an attractive acquisition target.

Marry in haste, repent at leisure

I was driving to work the other day and saw the Toll signage finally being removed from one of the company’s flagship distribution centres, several years after the acquisition of the Australian network business by Allegro.

Down came Toll and in its place, up went the TGE signage. Both the symbolism and the irony ...

Daily News from £12 / mo  ·  includes Daily News
Subscriber Access

This is a Daily News Story

For uninterrupted access, sign in, subscribe or upgrade to The Daily News. For as little as £12 / month (£100/year), we can get you into the room where the big decisions are made.

Forgot?

Comment on this article

You must be logged in to post a comment.

  • chris dunphy

    August 06, 2024 at 8:59 am

    Well scribed Mr Joy.
    We await the release of the NZ Logistics Holdings results (formerly Toll NZ & also owned by Allegro) shortly to complete the full view of the horror-show.

    • Alessandro Pasetti

      August 06, 2024 at 1:03 pm

      Many thanks for the valuable feedback, Chris! I passed it on…

Related Stories

Topics

Allegro Japan Post Team Global Express Toll Holdings