TNT Express completes sale of TNT Fashion to Belspeed and Netlog Group

© Lucian Milasan

Amsterdam, 16 May 2014 – TNT Express has completed the sale of its specialist fashion supply chain business in the Netherlands, TNT Fashion Group B.V. (TNT Fashion), to a consortium of Belspeed and Netlog Group. This follows receipt of regulatory approval and positive advice from the works council of TNT Fashion.

TNT Express announced on 11 March 2014 its intention to sell TNT Fashion as part of its strategy to focus on core express delivery services. The transaction, the terms of which remain confidential, will contribute a limited book gain.