Groupe Beaumanoir completed the acquisition of a non-refrigerated warehousing and storage business from GXO Logistics.

Groupe Beaumanoir, a French fashion retail group, completed the acquisition of a non-refrigerated warehousing and storage business from GXO Logistics, a company providing logistics solutions for multinational companies and blue-chip market leaders. Financial terms were not disclosed. “Recent years have shown that mastering an efficient supply chain is particularly key in our sector and this in a turbulent context on several levels, particularly in transport. The integration of this new know-how is important, particularly as part of our development ambitions for Sarenza.com, to assert its positioning as the leading French lifestyle marketplace," Jérôme Drianno, General Director of Sarenza.com and the Groupe Beaumanoir.