Russian Post conducted its business according to the spin-off model – it will separate the retail business, forwarding services and postal services into separate LLCs. These companies will be able to independently raise funding and enter into partnership agreements.
Russian Post ran its business according to the popular spin-off modelKirill Bilyk
Pochta ecom will deal with e-commerce services, manage the regional warehouse infrastructure and deliver the “last mile”. “Postage Stamp” – retail business with shops, “PLC” – transportation and forwarding services, “Post Press” – postal services.
“We are starting the transition to a new operating model, which provides for the spin-off of more than 10 subsidiaries. These companies will be able to independently attract financing, conclude partnership agreements, ”the Russian Post said in a statement.
In December 2020, Russian Post registered Post Digital for software development.
Russian Post annually processes 365 million parcels and receives 2.5 billion letters. According to the company’s annual report, in 2020 the profit of the joint-stock company increased 3.2 times to 3.4 billion rubles.
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Source: RB.RU by rb.ru.
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