John Menzies plc is the holding company of Menzies Aviation, an aviation services business based in Edinburgh, Scotland, providing ground handling, cargo handling, cargo forwarding and fuelling'''.
History
The company was founded by John Menzies of Edinburgh, a Victorian entrepreneur, who built up his small newsagent business into a national chain. Menzies died at his townhouse, 3 Grosvenor Crescent in Edinburgh's West End, and was buried in Warriston Cemetery, on the north side of the city. The retail business expanded throughout Scotland, with High Street and station bookstalls opening in every part of the mainland. In 1941, its branch in Greenock was destroyed outright in the Greenock Blitz. It would be over thirty years before it reopened a branch in the town. In 1973, John Menzies opened its flagship branch on Princes Street. Like its Glasgow outlet on Buchanan Street, it operated over two floors and incorporated a music section. In August 1988, the business purchased sixty six of the Martin Retail Group's largest stores in England, doubling John Menzies' floor space overnight. These stores, which had previously traded as Martin the Newsagent, Lavells Newsagents, Lewis Meeson, RS McColl, Sperrings, and House of Andrew, were quickly rebranded as Menzies' stores. In January 1998, it closed its principal branch in Edinburgh, although the head office continued to occupy the building. The whole retail operation was sold to WHSmith High Street, and some to WHSmith Europe Travel Retail, in May 1998, to enable Menzies to concentrate on its distribution business. In January 2007, John Menzies merged its newspaper and magazine wholesale distribution businesses in Northern Ireland into a joint venture with Eason & Son, to be called EM News Distribution. The company formerly ran High Street and railway station shops, particularly in Scotland, through a retail division which dealt in newspapers, magazines, books, stationery and other products. This was sold to rival WH Smith in March 1998. On 31 January 2017, Menzies Aviation completed the acquisition of specialist aircraft fueller Aircraft Services International, Inc from BBA Aviation plc for US$202m. A planned merger between the Menzies Distribution and the DX Group collapsed in August 2017. In July 2018, John Menzies announced that it had sold the division to private equity company Endless LLP, with the former owner retaining a 10% share in the business. On the 27th March 2020, the company announced it would lay off more than half of the groups total workforce in response to the Coronavirus disease 2019. The volume of flights Menzies handled globally fell by more than 60% during Q2 in 2020, with the share price falling from £4.80 in January 2020 to a low of £0.74 on the 3rd April 2020.
Pronunciation
The name Menzies is traditionally pronounced , as the "z" is historically the letter ȝ. Even in Scotland, the name of the retail stores was increasingly pronounced as "John MEN-zeez". National television and radio advertising for the retail business used the latter pronunciation.
