Sir Terry Leahy invests in MetaPack
Former Tesco boss Sir Terry Leahy has splashed out ₤2m to acquire a 10% share of e-commerce management company MetaPack. Returning to the retail sector, Sir Terry’s involvement forms part of a new investment alongside the William Currie Group and Artemis.
He will provide advice to MetaPack’s CEO and co-founder Patrick Wall and COO Karl Wills.
A spokesperson said: “MetaPack has grown three-fold since 2007 on the back of a major investment in on-demand technologies. This investment is set to help the company develop further, broadening services already offered to UK retailers and accelerating international development.”
The company manages e-commerce and multi-channel delivery systems. It works with all UK parcel carriers to help improve the delivery experience.
Sir Terry said: “For ten 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 retailers 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.”
Wall added: “We’re now the preferred e-commerce delivery management player in the UK retail sector. This new investment, and Sir Terry’s arrival, will give us resources and expertise to capitalise further on our market leadership in Europe and beyond.”