Royal Mail owner to rebrand thousands of Collect+ stores as it buys stake
by Julia Kollewe from on (#70DF1)
International Distribution Services to create Royal Mail Shops for collecting, sending and returning parcels
Thousands of convenience stores will be branded Royal Mail Shop, after the delivery company's new owner acquired a stake in the parcel network Collect+, in the first big deal since it was taken over by a Czech billionaire.
The Royal Mail owner, International Distribution Services (IDS), which was taken over by Daniel Ketinsky's EP Group in April in a 3.6bn deal, said it had bought a 49% stake in Collect+ for 43.9m, which offers access to almost 8,000 pickup points - newsagents, convenience stores, supermarkets and petrol stations.
Continue reading...