GXO Logistics Inc (NYSE:GXO) said it is expanding its relationship with Farfetch Limited (NYSE:FTCH) to support Reebok’s omnichannel logistics throughout Europe from two networked warehouses in South Holland.
GXO has opened about 40,000 square meters of warehouse space within weeks of signing the agreement. It provides inbound, storage, picking, packing and shipping services for Farfetch’s business-to-business and business-to-customer operations.
The agreement has boosted employment in the region, with 500 team members hired to operate the warehouses.
Later in 2023, GXO expects to begin adding automation to improve efficiency and increase overall safety even further.
“We are proud to expand our relationship with FARFETCH and serve as a strategic logistics partner for Reebok’s ecommerce growth across Europe,” said Luc Laurijssens, Managing Director, Belgium and the Netherlands, GXO.
Price Action: GXO shares traded higher by 1.31% at $61.62 on the last check Tuesday.
