UPS sells MBE brand outside US, Canada, India - Google
Shipping giant UPS Inc., hit hard by the global economic downturn, said Tuesday it has sold much of its international Mail Boxes Etc. brand to Italian holding company Fineffe Group for an undisclosed sum so it can focus on its MBE and UPS Store brands in the U.S., Canada and India.
UPS spokeswoman Susan Rosenberg said finances were not the main reason for the sale, though she acknowledged it was a good deal for UPS, which will continue as the preferred carrier for express services offered at the international retail stores.
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