The move includes the sale of five of the print and mailing company’s branches – four in the centre of London and one in Reading. They will be rebranded under The Color Company banner.

FedEx Kinko’s announced it was pulling out of Australia in October last year, which saw the closure of 11 stores at a cost of roughly 250 jobs. The move was part of a decision by the US-based company to scale back its global operations, with stores also getting the chop in Mexico and the Netherlands.

FedEx Corporation purchased high-street copy shop chain Kinko’s for US$2.4 billion in 2004. FedEx Corporation declined to comment on the sale.

Read the original article at www.printweek.com.

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