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Gone under

1st February 1990, Page 14
1st February 1990
Page 14
Page 14, 1st February 1990 — Gone under
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Which of the following most accurately describes the problem?

• Freight forwarder International Express Company has gone into receivership, after almost 90 years in business. Most parts of the Brentwood-based company, which had 15 UK depots as well as offices in Calais and Boulogne, have been sold. The majority of the 100 staff have been re-employed.