Packer to take on Australia Post in parcel delivery

HIGH-profile businessman Mark Bouris and his mate James Packer have joined forces once more - this time to take on the might of Australia Post.

TZ Limited, chaired by Mr Bouris, will unveil a smart-locker parcel delivery network called Adam that will soon be installed at 50 sites across Australia.

TZ has struck a deal with one of Australia's largest e-commerce delivery companies, Temando, to deliver parcels to the network of Adam lockers, which can be accessed 24 hours a day.

Earlier this year Mr Packer's private investment company, Ellerston Capital, paid $5 million to take a stake in Temando, which delivers parcels for 73 of the 100 biggest retail companies in Australia. The private company ranks second only to Australia Post for annual parcel deliveries.

The last time Mr Bouris did business with the Packers was in 1999, when he talked Kerry Packer into paying $25 million for a stake in his company Wizard Financial Services.

Read more at Brisbanetimes.com.au
 

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