Royal Mail owner to rebrand thousands of Collect+ stores as it buys stake

International Distribution Services to create Royal Mail Shops for collecting, sending and returning parcelsBusiness live – latest updatesThousands 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 Křetínský’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...

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