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Former Royal Mail boss Rico Back has thrown his weight behind Daniel Křetínský’s bid to take over the business, claiming the troubled postal giant “cannot go on like it did”.
International Distributions Services, parent company of Royal Mail, has been acquired by Czech billionaire Daniel Kretinsky for $4.55 billion. The 500-year-old company has faced recent struggles, including worker strikes and regulatory scrutiny. The deal marks a significant change for the historic postal service, now facing new leadership and challenges.
Royal Mail's parent company, International Distributions Services (IDS) said Wednesday it agreed to be acquired by Czech billionaire Daniel Kretinsky...
Royal Mail could scrap Saturday postal deliveries under new options being drawn up by the watchdog.
Business panjandrums at the Post Office were able to avoid responsibility for a terrible scandal which cost lives because no one was watching.