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Sir Terry Leahy invests £2m in MetaPack

Former Tesco boss Sir Terry Leahy has taken a 10% stake in ecommerce delivery management specialist MetaPack alongside other investors. The company says it will use the money to speed up its international development.

MetaPack [IRDX VMEP], the ecommerce delivery management specialist, is planning to speed up its international expansion following a £2m investment from former Tesco boss Sir Terry Leahy.

Sir Terry, who as chief executive of Tesco [IRDX RTSC] for 14 years until March, took the supermarket into international markets, says he sees a future for MetaPack as a “leading global player”. He has taken a 10% stake in the company and is investing alongside William Currie Group and Artemis. He will also advise chief executive and co-founder Patrick Wall and chief operating officer Karl Wills.

Sir Terry said: “For 10 years MetaPack has been innovating and leading the field to help improve delivery and customer services in the important growth area of ecommerce. It will extend its services to retailer by providing industry-based information on ecommerce trends, delivery standards and even fraud analysis.

“The company has a great future ahead of it and one day I would like to see it as a leading global player.”

Meanwhile MetaPack chief executive Patrick Wall says the new money will allow the business to develop its presence in Europe and beyond. It will also help it expand the services that it offers to UK retailers.

Wall said: “We’re now the preferred ecommerce delivery management player in the UK retail sector. This new investment, and Sir Terry’s arrival, will give us the resources and expertise to capitalise further on our market leadership in Europe and beyond.”

MetaPack was founded in 1999 and works with UK parcel carriers to provide its delivery management system to multichannel and ecommerce retailers. Users of the technology include John Lewis [IRDX RJLW], M&S [IRDX RMAS] and Asos [IRDX RASO]. MetaPack has grown three-fold since 2007, when it invested in on-demand technology.

Mentioned in this piece…

MetaPack

MetaPack

IRDX: VMEP

MetaPack’s highly configurable SaaS platform connects shippers with a choice of more than 200 parcel carriers, as well as a wide range of alternative delivery, collection and returns services, totalling over 3,500. (more…)

Tesco

Tesco

IRDX: RTSC

Tesco is the largest British supermarket chain. Tesco has a comprehensive multichannel offering, including mobile and tablet websites, click-and-collect options and home delivery. (more…)

John Lewis

John Lewis

IRDX: RJLW

John Lewis is a UK-based multichannel department store. As of April 2013, the John Lewis Partnership operated 43 John Lewis stores throughout Britain. The Oxford Street store, originally opened in 1864, is the largest operated by the Partnership. 29 of the stores are traditional department stores and 9 are ‘John Lewis at home’ stores.

John Lewis is a constituent of the John Lewis Partnership along with its sister company Waitrose. (more…)

M&S

M&S

IRDX: RMAS

M&S, also known as Marks and Spencer, is a major UK-based retail chain of both large stores and convenience outlets. The company offers groceries, fashion and miscellaneous merchandise.

M&S retails through 700 UK stores and an eCommerce site. (more…)

ASOS

ASOS

IRDX: RASO

ASOS is a global online fashion retailer offering both branded and own label product lines across womenswear, menswear, footwear, accessories, jewellery and cosmetics. (more…)

3 comments on “Sir Terry Leahy invests £2m in MetaPack

  1. bridge_53 said:

    MetaPack, is planning to speed up its international expansion following a £2m investment from Sir Terry Leahy http://t.co/0uGXdTC #UK

    This comment was originally posted on Twitter

  2. john_w_hayes said:

    Congratulations to our friends @MetaPack – http://bit.ly/lTkom8

    This comment was originally posted on Twitter

  3. etail said:

    Sir Terry Leahy invests £2m in MetaPack: Former Tesco boss Sir Terry Leahy has taken a 10% stake in ecommerce de… http://bit.ly/jGPIpG

    This comment was originally posted on Twitter

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