As part of Triumph's initiative designed to restructure and improve the competitiveness of its overall UK business, an agreement has been signed with Menlo Worldwide Logistics (Menlo), effective 1 July 2010. The international logistics operator, part of the diversified freight transport company, Con-way Inc. (NYSE: CNW), will take over warehouse operations at the lingerie company's Swindon, purpose-built site.
Menlo, which is seeking to grow its business in the region, intends to operate the currently dedicated warehouse as a multi-user facility in the future. Menlo, which in addition to a full range of warehousing functions, offers transport management services, web fulfilment and 4PL services, is committed to targeting new customers for the Swindon premises. Situated at the hub of the UK's economically vibrant 'M4 Corridor' the site provides a strategic location for regional, national and international distribution networks.
The UK is a core market for the global Triumph International lingerie business, which operates in 120 countries, has a history dating back 124 years and is one of the world's leading underwear producers with brands such as sloggi, HOM and Valisere, in addition to Triumph. To ensure Triumph UK remains competitive and to support the business plan for growth, the decision to outsource the warehouse operations is the most viable option for the UK business and its long-standing employees.
Commenting on the agreement with Menlo, Triumph UK's General Manager, Petri Haikola said, "Focusing on sales and marketing operations is the best long-term decision for the UK business and its employees. As such we looked for a trusted and experienced logistics provider to take over our warehouse business under the Transfer of Undertakings/Protection of Employment (TUPE) regulations. It was vital to us that our partner would ensure that the 118 warehouse employees would retain their employment and provide job security for the foreseeable future. We are pleased that in Menlo, we have found just such a partner, with which to work closely."
Tony Gunn, Menlo's Managing Director, Europe, welcomed the new partnership with Triumph. "At Menlo we are serious in our response to customer business requirements. Our core values are people oriented and our culture is one of innovation. These assets have helped us in providing Triumph with an effective solution in Swindon," Gunn noted.
"We look forward to leveraging our resources, in-depth logistics experience and knowledge; our commitment to a lean and process-driven approach, and our reputation for operational excellence in support of Triumph's objectives," added Gunn. "In Swindon we see a win-win situation, a positive solution for Triumph and business growth for Menlo based on delivering consistent performance, service improvement and waste elimination. "
For both parties investment is proof of the commitment they have to the Swindon site and the UK market. Triumph's business initiative also includes considerable investment in IT infrastructure and marketing. Its UK operations will be updated with a new IT system facilitating improved corporate processes across the UK and within the global organisation. Additional investments in local sales and marketing activities will support the Triumph Inspiration Award, an international young designer's competition to be hosted in London during September 2010.
For its part Menlo, as a logistics service provider with a global network, investment in the UK and in Europe as whole, provides local and regional customers with single-source supply chain management expertise and illustrates the company's long-term commitment to best in class, dedicated and multi-user warehouse and transportation management services, as well as a burgeoning 4PL capability.
About Menlo Worldwide Logistics
Menlo Worldwide Logistics, LLC, is a US$1.4 billion global provider of logistics, transportation management and supply chain services with operations in five continents, including North America. As a third-party logistics provider, San Mateo, Calif.-based Menlo Worldwide Logistics' services range from dedicated contract logistics to warehouse and distribution management, transportation management, supply chain reengineering and other value-added services including packaging, kitting, order fulfilment and light assembly through a strategic network of multi-client and dedicated facilities. With more than 16 million square feet of dedicated warehouse space in North America, the Asia Pacific, Europe and Latin America, and industry-leading technologies, Menlo Worldwide Logistics creates effective, integrated solutions for the transportation and distribution needs of leading businesses around the world. Menlo Worldwide Logistics, LLC, is a subsidiary of Con-way Inc. (NYSE: CNW), a $4.3 billion diversified freight transportation and logistics company.
Triumph International is one of the world's largest underwear manufacturers. The company enjoys a presence in over 120 countries with its core brands Triumph, sloggi, Valisre and HOM. Triumph employs 37,500 people; in 2008 the company achieved a turnover of CHF 2.37 billion.