Australia Post shops to be franchised

A major overhaul of Australia Post’s branch network is set to take place, with the country’s mail and parcel service provider planning to sell an estimated 150 franchises to private operators for as much as $1m. The private companies will run the post offices in the country’s major cities, using Australia Post’s price schedules, stock and uniforms. The mail provider will repurchase several licensed post offices across Australia and replace them with the new franchises, which will have a similar structure to its existing “Post Shops”.