GXO Logistics to Acquire PFSweb

Supply Chain
Written By Rick Watson

GXO Logistics, Inc. is the world’s largest pure-play contract logistics provider.

PFSweb, Inc. is a premier, tech-enabled eCommerce order fulfillment platform based in the United States.

Contract logistics provider GXO Logistics has acquired luxury fulfillment platform PFSweb for $7.50 per share or an all-cash deal valued at $181M. GXO Logistics will focus on the growth opportunities in jewelry and collectibles, activewear, and CPG categories.

GlobeNewswire: GXO to Acquire PFSweb

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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