Home / FedEx / FedEx to drop Kinko’s name, take $891M charge (Lexington Herald-Leader)

FedEx to drop Kinko’s name, take $891M charge (Lexington Herald-Leader)

FedEx Corp. said Monday it plans to stop using the Kinko’s name on its copy and office service stores and book an $891 million charge for the quarter that ended Saturday. The charge relates to the value of the Kinko’s name and a write-down of the value of its acquisition of the brand. The charge, which works out to $2.22 a share, was not part of FedEx’s earnings forecast. The company early …

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