Clipper Logistics announced that it has been appointed by s.Oliver to manage its European wholesale and retail returns management service. Clipper states that the contract win represents a major advance for its European operations and that the service will be rendered through its Boomerang solution. Based in Germany, s.Oliver is a family-owned fashion company located in Rottendorf, Bavaria and operates retail outlets throughout Austria, Croatia, Switzerland, the Netherlands and across Germany.
The Boomerang returns management service, which has already implemented with UK retailers, will be delivered from solutions centres in Germany at Munchberg and Hof. These centres are operated but not owned by Clipper. As a condition of the contract, s.Oliver sought to dispose of the freehold of the Munchberg site to Clipper.
Clipper operates an asset-light business model and does not currently own any of the sites that it provides its services from. Therefore the Munchberg site has been acquired by Knaresborough Real Estate Limited, a related party to Clipper through its ownership by Clipper’s Executive Chairman, Steve Parkin. It will continue to be leased to Clipper on the same terms and monthly rent as previously in place with s.Oliver, being €37,500 per month, for a term of ten years.
The s.Oliver contract expands on a long term partnership dating back to 1998. Clipper’s existing solution for the s.Oliver brand has seen it manage warehousing, pre-retail processing and store distribution of fashion items.
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