Clipper wins new Contract with Pep & Co

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Clipper Logistics plc is pleased to announce that it has signed a new contract with Pepkor UK Retail Limited, which owns the fashion brand Pep & Co.

PEP&CO is the first strategic  investment  made  by  Pepkor UK,  a  venture  established in  2014  by former Asda  CEO Andy Bond  and  ex-Bain  & Company consultant  Mark Elliott.

Pepkor UK  manages  corporate  activity  in  the  United  Kingdom  in  support of the  wider  Pepkor group  –  a  Cape  Town-based  investment  company with  retail interests in Africa, Australia and Eastern Europe.

PEP&CO plans to open its first store, in Kettering, Northamptonshire in July and expects to have 50 outlets up and running by the end of August, selling family fashion and homewares on the high street, convenient for mums and kids.

Clipper is a leading provider of innovative warehousing, distribution and associated services, and is in addition a market leader in the provision of e-fulfilment and returns management services, focusing on the retail sector.

Under the new agreement, Clipper will provide warehousing, returns management and other logistics services in respect of Pep & Co fashion, accessories and general merchandise from its distribution centre at Swadlincote.

Mark Jackson, CFO of Pep & Co, said “We’re delighted to bring Clipper into our Pep&Co team – they’ll play a pivotal role in helping us deliver family fashion at amazing prices in our new high street stores.”

Steve Parkin Executive Chairman of Clipper said: “We are delighted to have been selected to support Pepkor in the UK launch of its Pep & Co stores. This follows closely on the heels of several new contract wins for Clipper including a new ten year contract with John Lewis Partnership and the new Zara e-fulfilment contract announced last week. This clearly demonstrates the very significant progress made by the Group since its flotation last year. Our innovative, solutions driven approach to retail logistics makes Clipper class leading and the go to provider of logistics services in the UK.”