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International Distribution Services plc (formerly Royal Mail Limited, Royal Mail plc and International Distributions Services plc) is a British company providing postal and courier services. The UK government initially retained a 30% stake in the company, [ 3 ] but sold its remaining shares in 2015. [ 4 ]
Royal Mail Group Limited, trading as Royal Mail, is a British postal service and courier company. It is owned by International Distribution Services.It operates the brands Royal Mail (letters and parcels) and Parcelforce Worldwide (parcels).
The company was known as German Parcel when it was founded in 1989 by Rico Back, formed by bringing together twenty-five freight forwarders. [2] Ten years later it was acquired by Royal Mail Group, which used it to form a new holding company: Global Logistics Systems (GLS).
Authorities confirmed Monday that the 3.6 billion-pound ($4.6 billion) takeover of Royal Mail's owner, International Distribution Services, by billionaire Daniel Kretinsky's EP Group, can go ahead.
Royal Mail said last month that the cyber incident meant that post offices were unable to handle international mail or parcels at its 11,500 branches.
The £3.6 billion ($4.6 billion) deal, which International Distribution Services accepted in May, has raised concerns about the fate of thousands of Royal Mail employees, as well as the future of ...
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