The curious case of why a billionaire wants to buy Royal Mail
Summary
Soon, a man from Czech who is very rich will be in charge of Royal Mail, a company in the UK that has been around for 500 years. Although Royal Mail has been having difficulties lately, this man still wants to buy it.Key Facts
- Royal Mail was started over 500 years ago.
- Daniel Kretinsky, a rich man from Czech, is planning to buy Royal Mail.
- Kretinsky also owns parts of a football club and a supermarket.
- Royal Mail is not making as much money as it used to and is losing customers.
- The number of letters being sent by Royal Mail has been going down for years.
- Because more people are buying things online, there are more packages to deliver, but other companies are delivering more of these than Royal Mail.
- Royal Mail was separated from The Post Office in 2012, and then it was sold the next year.
- Right now, Royal Mail is worth just over £2 billion.
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