TNT Express explores sale of Dutch part of TNT Fashion
TNT Express has decided to explore sale opportunities for the Dutch operations of its specialist fashion supply chain business TNT Fashion. Headquartered in Oldenzaal (Netherlands), TNT Fashion Group BV, the Dutch legal entity of TNT Fashion, is a market leader in fashion, retail and lifestyle supply chain management. The company offers a wide range of supply chain services for the fashion industry, including storage, packing/repacking, distribution and retailing services. Its customers range from high-end designer labels to high-volume retailers. TNT Fashion Group employs about 660 people. The possible sale of the Dutch branch of TNT Fashion will be designed to ensure service continuity. The sale process will not affect the terms and conditions of existing agreements with customers and suppliers. TNT Express will continue to offer delivery services to the fashion and lifestyle industry. TNT Express is looking to conclude a possible sale by the end of 2013.