FedEx to Sell Japan Office Business to Konica

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FedEx Corp. will sell the Japanese operations of its Office unit, the retail business formerly known as Kinko’s, to Konica Minolta Holdings, Bloomberg reported.

Japan’s Nikkei newspaper reported Tokyo-based Konica would pay about $100 million for the business.

The deal consists of 61 printing centers in Japan, a FedEx spokesman told Bloomberg.

FedEx, the second-largest U.S. package-delivery coy, stopped using the Kinko’s name and rebranded the division as FedEx Office in 2008.



FedEx bought Kinko’s Inc. in 2004 for $2.4 billion, adding storefront businesses selling office products and printing services.

FedEx Corp. is ranked No. 2 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.

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