Comment / On the wires: The Kuehne + Nagel shrinkage continues – where to now?

“Kuehne + Nagel (K+N) has announced that it has signed over four of its distribution hubs in France to local group STG as part of the ongoing restructuring of its contract logistics division. The value of the transaction has not been disclosed. Covering 55,000 sqm and employing 244 staff, the four facilities – at Saint Jory, Vallet, Wissous, and Longvic – handle fresh food products for supermarket retailers.” – Lloyd’s Loading List, 3 June 2020.

Done with France, Mr Kuehne?

Possibly, according to my sources, but ...