Steve Parkin, 55, is executive chairman of Clipper Logistics, a delivery business he founded in 1992. I get a phone call. From rags to riches: the story of UK logistics company's 943m sale Mr Parkin, 62, is no longer involved in the running of Clipper Logistics after it was acquired by US logistics giant GXO in a deal worth almost 1bn, but he remains a shareholder. Steve Parkin, the fashion distribution mogul: from the He is from United Kingdom. He made 30m from the company when it floated in 2014 and still owns 31.6 per cent. Will His AI Plans Be Any Different? Steve Parkin, Clipper Logistics PLC: Profile and Biography Steve Parkin So, how much is Steve Parkin worth at the age of 57 years old? GXO chief executive Malcolm Wilson said of the deal: This potential acquisition would enhance GXOs position as a successful pure-play logistics leader. The Maggie-loving former miner who wants Parkin is a Leeds United fan and says that he has considered taking over the club on more than one occasion in the past. Steven Nicholas Parkin is Executive Chairman of the Board of the Company. They are said to have hundreds of billions more built up during Covid that are seeking takeover opportunities. Discussions regarding a possible offer took place between the parties, and the views of a number of independent Clipper shareholders were sought. While the COVID-19 pandemic has affected most businesses around the world, Clipper managed to increase in value by keeping things moving for people stuck at home. Parkin Net Worth There are 4 older and 1 younger executives at Clipper Logistics Plc. [23], Clipper has been a sponsor of Leeds United football club since 2017.[24]. From rags to riches: the story of UK logistics company's 943m sale Parkin Net Worth He is from United Kingdom. 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See Steve Parkin's compensation, career history, education, & memberships. Clipper Logistics He holds and pursues strategic level discussions with major retailers. Today, he owns an online logistics company named Clipper and is wealthy by 45 million (Rs 450 crore) last year alone. The company is also involved in online retail activities; and operates agency for leasing commitments. Yorkshire It offers e-fulfilment, returns management, multichannel, technical services, warehousing, urban and retail consolidation, secure logistics, transportation, port deconsolidation logistics, and contract packaging services. Fund managers worry that the UKs ability to harness and grow small firms into big ones is at risk. Los Angeles Clippers governor and former Microsoft CEO Steve Ballmer reached $100 billion in net worth Wednesday, according to Scott Carpenter of Bloomberg. The company reported its turnover had risen by 39.1 per cent this summer - to nearly 700 million. Clipper Logistics Plc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. As Executive Chairman, Steve is responsible for the strategic direction of the Group. Clipper Logistics plc is a retail logistics company based in Leeds which serves retailers selling fashion, tobacco, alcohol and other high-value goods in the UK and Europe. John Menzies initially put up strong resistance to the Kuwaiti bid, which it dismissed as an opportunistic response to a low share price. The oldest executive at Clipper Logistics Plc is ChristineCross, 68, who is the Senior Non-Executive Independent Director. It has 47 sites across Europe. who dropped out of school at Mr Parkin sold 30m worth of shares at the flotation and has since sold down his stake further, most notably in January last year, when he raised 62m in what was described as an estate planning exercise. [13] According to GXO this will vastly increase the scope of its reverse logistics services, and provide a bridgehead into Germany. Clippers' Owner Steve Ballmer Becomes 9th Click here to sign up to receive our new South West business news TheBusinessDesk.com 2008 - 2023. This account already exists. There are 4 older and 1 younger executives at Clipper Logistics Plc. Steve is the ultimate controller of the Major Shareholder which will hold 34.80 per cent. Steve in his office, which boasts a 30,000 Walter Knoll desk. Steven Parkin is 54, he's been the Executive Chairman of the Board of Clipper Logistics Plc since . My Money: Steve Parkin, delivery firm tycoon In addition, it offers specialist fashion services, such as fine distribution, primary transport, shared user distribution, secondary store distribution, contract distribution, inter-branch transfer, return to vendor, new store openings/refurbishment, spot hire, fleet management, Pan-European network, and home delivery link services. It offers e-fulfilment, returns management, multichannel, technical services, warehousing, urban and retail consolidation, secure logistics, transportation, port deconsolidation logistics, and contract packaging services. On Wednesday afternoon, Scott Carpenter of Bloomberg Wealth reported that LA Clippers' owner Steve Ballmer has become the world's 9th person to reach $100B net worth. According to Forbes, the Clippers were valued at $2.75 billion this year, including a 38 percent change in value over the past five years. Please, The subscription details associated with this account need to be updated. Read more: Major UK high street chains close 6,000 stores in 2019. Clipper Logistics plc, together with its subsidiaries, provides value-added logistics services to the retail sector in the United Kingdom and rest of Europe. As the Executive Chairman of the Board of Clipper Logistics Plc, the total compensation of Steven Parkin at Clipper Logistics Plc is GBX518,000. Its workforce increased by 2,000, bringing the total employees at the firm to 10,000. It has accepted a 558 million bid from Kuwaiti firm Agility. Steve Parkin and Sun Capital Partners are plotting a 300m bid to take Clipper Logistics private, Sky News can exclusively reveal. On Wednesday afternoon, Scott Carpenter of Bloomberg Wealth reported that LA Clippers' owner Steve Ballmer has become the world's 9th person to reach $100B net worth. WebClipper Logistics plc is a retail logistics company based in Leeds which serves retailers selling fashion, tobacco, alcohol and other high-value goods in the UK and Europe. Clipper Logistics plc was founded in 1992 and is headquartered in Leeds, the United Kingdom. So, how much is Steve Parkin worth at the age of 57 years old? Clipper Logistics was founded in 1992 by Steve Parkin, a former coal miner who started the business with just one truck in Leeds. Today his remaining 13.9% stake, after his 62m sale, is valued at around 80m. Clippers' Steve Ballmer Becomes 9th Person Sign up First, Clipper Logistics accepted a 920p a share bid from US rival GXO Logistics, a deal that sees a key provider of deliveries for M&S, John Lewis, JD Sports and Asda disappear from the stock market. Get involved in exciting, inspiring conversations with other readers. Profit slipped by 1m to 17m in the firms latest annual results, while its stock has tumbled from a January 2018 high of 485p to yesterdays close at 242.5p. Steve Parkin Net Worth His net worth has been growing significantly in 2020-2021. Other major business figures that made the list include Steve Parkin, owner of Clipper Logistics, who saw his fortunes rise by 20m. Other major business figures that made the list include Steve Parkin, owner of Clipper Logistics, who saw his fortunes rise by 20m. Steven Parkin Net Worth Steven Parkin biography. He holds and pursues strategic level discussions with major retailers. GXO chief executive Malcolm Wilson said of the deal: This potential acquisition would enhance GXOs position as a successful pure-play logistics leader. With allies support he could command 40 per cent of the companys voting stock in favour of his bid, Sky News reported. As the Executive Chairman of the Board of Clipper Logistics Plc, the total compensation of Steven Parkin at Clipper Logistics Plc is GBX518,000. Arm Holdings, a darling of the UK tech scene which was bought by Japans SoftBank six years ago, is now expected to float on the New York Nasdaq market rather than in London. 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Sun Capital Partners now has until 18 December to table a firm offer for Clipper. [10], In May 2020, the company donated a refrigerated trailer to the food bank run by Leeds United Foundation and Leeds City Council. Steven Nicholas Parkin is Executive Chairman of the Board of the Company. Steve is the chairman of the Nomination Committee. From rags to riches: the story of UK logistics company's 943m sale This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, More Iranian Schoolgirls Sickened in Suspected Poisoning Wave, No Major Offer Expected on Childcare in UK Budget, Data Fraud Is Focus To Bolster Chinas Lackluster Carbon Market, China Gives New Backing to Coal Even as Clean Energy Accelerates, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? He is the ninth person to reach that milestone. The company also provides added-value services, including secure warehousing, HMRC customs bond, quality control, pressing, RFID/security tag attachment, label printing, store recall, metal detection, container de-stuffing, new store building, pick and pack, secure destruction, and specialist storage services. of the issued share capital of the Company immediately following Admission. [3] The company was listed on the London Stock Exchange until it was acquired by GXO Logistics in May 2022. edit] edit] Clipper's stock market flotation in May 2014, at 100p a share, valued the business at 112.5million. Parkin Net Worth The expected take-private bid, first reported last night by Sky News, sent Clippers share price up almost 22 per cent to 294.5p in early trading. GXO chief executive Malcolm Wilson said of the deal: This potential acquisition would enhance GXOs position as a successful pure-play logistics leader. There are no executives at Clipper Logistics Plc getting paid more. Steven Parkin Net Worth Steven Parkin biography. Steve Parkin It has 47 sites across Europe. Steven Nicholas Parkin is Executive Chairman of the Board of the Company. WebAccording to our Database, He has no children. Fashion logistics firm Clipper's shares There are no executives at Clipper Logistics Plc getting paid more. He joined the company in 1980 and was the CEO from 2000 to 2014. There can be no certainty that an offer will be made for the Company, nor as to the terms on which any offer will be made.. Subscribe to the City A.M. newsletter to have our top stories delivered directly to your inbox. Steve Parkin [6], In November 2019, investment fund Sun Capital Partners, Inc. announced it was considering making a bid for the company, supported by founder and executive chairman Steve Parkin. What is the salary of Steven Parkin? Yorkshire According to Forbes, the Clippers were valued at $2.75 billion this year, including a 38 percent change in value over the past five years. The company is also involved in online retail activities; and operates agency for leasing commitments. By clicking Sign up you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice. Here's is what they said, Indore was worst: Ex-AUS captain hopes India didn't have bad intention, blasts Gavaskar's 'Gabba' pitch remark, Virat, Rohit, Dhoni or Raina? Parkin could bag around 100 million. Well I wasnt on the beach, I was in the bar, probably, he corrects himself in a gravelly Leeds accent. The company operates through two segments, Value-Added Logistics Services and Commercial Vehicles. WebAccording to our Database, He has no children. Sign up We have noticed that there is an issue with your subscription billing details. Steve Parkin is telling an anecdote to explain how he has turned Clipper Logistics into a retail distribution empire worth 430m. Over the last year, we have demonstrated our ability to act quickly and effectively to solve complex challenges for our clients, and the growth we have delivered through this period is testament to Clipper's leading position in the eCommerce logistics market," he said in January.