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Postie
Postie, formerly Postie Plus, is a New Zealand clothing store chain. It was founded in 1909 by Thomas Dellaca. As of October 2022, Postie has 61 stores as well as an online platform. Together with Australian retailer Best & Less, it forms the Best & Less Group. History Postie was founded in 1909 by Thomas Dellaca as a boot repair shop near Reefton. The Postie Plus Group purchased the Arbuckles manchester chain in 2003 for . In September 2003, Postie Plus was floated on the New Zealand stock exchange. In January 2009, Jan Cameron purchased Arbuckles from Postie. In April 2012, Postie Plus sold its Babycity chain of stores. In January 2014, the company sold its SchoolTex uniform brand to The Warehouse Group for . In June 2014, the company was placed in voluntary administration. In July 2014, South African investment company Pepkor acquired Postie. Steinhoff Asia Pacific (later renamed Greenlit Brands Greenlit Brands, formerly Steinhoff Asia Pacific Group, is the Austral ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pepkor
Pepkor is a South African-based investment and holding company with business interests in Africa, Australia and Eastern Europe. It manages a portfolio of retail chains focused on the value market selling predominantly clothing, footwear and textiles. Its main operating subsidiaries are Pep and Ackermans in South Africa and Best & Less in Australia, all based on a high volume/lower margin business model. Formally known as Pep (store), PEP stores the company changed its name to Pepkor Limited in 1982 and PEP stores became a subsidiary company. In 2011 private equity company Brait bought a 24,6% stake in Pepkor for R4,18bn, valuing the company at about R17bn. Pepkor aims to expand its presence in the rest of Africa by opening 50 stores in Nigeria. In 2014 Christo Wiese sold Pepkor to Steinhoff International in exchange for about 20% of Steinhoff's issued shares. During the COVID-19 pandemic in South Africa, COVID-19 pandemic, Pepkor ceased to pay rents for its retail locations whi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jan Cameron
Jan Cameron is a New Zealand-Australian businesswoman and formerly Australia's fourth-richest woman. She made her fortune as the founder of the Kathmandu clothing and outdoor equipment company. She currently lives in Bicheno, Tasmania. She runs various companies and business interests, which together span Britain, New Zealand and Australia. She is a philanthropist and supporter of animal welfare. In 2006, Cameron sold 51% of her share of Kathmandu for A$247 million, making her the fourth-richest woman in Australia. It was reported in September 2013 she had lost almost 90% of her fortune in the collapse of her company Retail Adventures, which entered receivership earlier that year. Companies Cameron was the sole shareholder of Retail Adventures, when it was placed into receivership in 2012 with debts to unsecured creditors of $165 million. In early 2013 she successfully bid to buy the company out of receivership for $58.9 million. Bentham IMF litigation funders gave notice in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Greenlit Brands
Greenlit Brands, formerly Steinhoff Asia Pacific Group, is the Australian subsidiary of Steinhoff International. It owns the furniture retailers Freedom Furniture, Fantastic Furniture and Snooze. History Steinhoff International acquired South African company Pepkor in November 2014. In October 2016, Steinhoff Asia Pacific announced it would acquire Fantastic Holdings for . Fantastic Holdings included the chains Fantastic Furniture, Plush, Le Cornu and Original Mattress Factory. In September 2018, Steinhoff Asia Pacific rebranded as Greenlit Brands to distance itself from the controversy surrounding its parent company. In November 2019, Greenlit announced it would sell its entire general merchandising division to private equity firm Allegro Funds. The deal included Best & Less, Harris Scarfe and Postie. In October 2021, Greenlit sold its Plush sofa business to Nick Scali Furniture for $110 million. In June 2022, Greenlit sold its Original Mattress Factory retail business. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Warehouse Group
The Warehouse Group (TWG) was founded by Stephen Tindall in 1982, and is the largest retail group operating in New Zealand. It is a corporate group that consists of The Warehouse, Warehouse Stationery, Torpedo7, Noel Leeming, 1-day and TheMarket. History The first Warehouse group store opened in North Shore, New Zealand, North Shore, Auckland in 1982. In 1994, Warehouse was added to the New Zealand Exchange, under the symbol TWH. In 1996, a distribution centre opened on the North Island. In 2000, it was added to the NZSE 10 index. Also in 2000, the group acquired Clint's Crazy Bargains and Silly Solly's in Australia. In 2003, the Warehouse Australia brand was launched. In 2005, a lab store launched in the Hamilton suburb of The Base (shopping centre), Te Rapa. That same year, the Warehouse brand was relaunched with new lower-case logo, announced its plan to enter the liquor market and that it would end operations in Australia by Christmas. In 2005, Warehouse Australia was sold ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reefton
Reefton is a small town in the West Coast region of New Zealand, some 80 km northeast of Greymouth, in the Inangahua River valley. Ahaura is 44 km south-west of Reefton, Inangahua Junction is 34 km to the north, Maruia is 63 km to the east, and the Lewis Pass is 66 km to the south-east. In 1888, it was the first town in New Zealand and the Southern Hemisphere to be lit by electricity, generated by the Reefton Power Station. Reefton was a thriving gold mining town in the late 19th century, and gold mining lasted from the 1870s to the 1950s. Its economy is based on tourism, forestry, coal mining and farming. Reefton is home to the Inangahua County Library. Name The rich veins of gold found in a quartz reef near the town led to its name, originally spelled "Reef Town". Two nicknames in use soon after it was founded were "Rest Town" and "Quartzopolis". The main street, Broadway, was named after West Coast magistrate Charles Broad. The nearby Wealth of Na ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Best & Less Group
Best & Less is an Australian retailer of clothing and household linens. As of 2020, Best&Less has 246 stores as well as an online platform. History Best & Less was founded by Berel Ginges in January 1965, by occupying part of the ground floor of the department store "Snows" which was in the process of closing down. Prior to trading as Best & Less, the store was known as "Shenows". Best & Less officially opened their first store in Parramatta on 27 May 1965. Best & Less was known for its frugal in-store appearance, with minimal fixtures, and its advertising tagline was "You don't pay for any fancy overheads". The ads often featured Joy Muir, then president of the Australian Housewives' Association, delivering the line to cameras. In December 2019, Allegro Funds acquired Best & Less from Greenlit Brands. Throughout Australia they now have over 180 stores. Best & Less Group was floated on the Australian Securities Exchange Australian Securities Exchange Ltd or ASX, is an Aust ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Best & Less
Best & Less is an Australian retailer of clothing and household linens. As of 2020, Best&Less has 246 stores as well as an online platform. History Best & Less was founded by Berel Ginges in January 1965, by occupying part of the ground floor of the department store "Snows" which was in the process of closing down. Prior to trading as Best & Less, the store was known as "Shenows". Best & Less officially opened their first store in Parramatta on 27 May 1965. Best & Less was known for its frugal in-store appearance, with minimal fixtures, and its advertising tagline was "You don't pay for any fancy overheads". The ads often featured Joy Muir, then president of the Australian Housewives' Association, delivering the line to cameras. In December 2019, Allegro Funds acquired Best & Less from Greenlit Brands. Throughout Australia they now have over 180 stores. Best & Less Group was floated on the Australian Securities Exchange Australian Securities Exchange Ltd or ASX, is an Austr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Zealand Stock Exchange
New Zealand's Exchange (), known commonly as the NZX, is the national stock exchange for New Zealand and a publicly owned company. NZX is the parent company of Smartshares, and Wealth Technologies. On 30 August 2020, the NZX had a total of 184 listed securities with a combined market value of 184.87 billion. The main trading board is typically open from 10am to 4:45pm. History NZX began life as a number of regional stock exchanges during the gold rush of the 1860s. The first brokers’ association was started in Dunedin in 1867, then in Otago in 1868, Auckland in 1872, Wellington in 1882. The Dunedin Brokers’ Association became a stock exchange in 1893, then Christchurch gained an exchange in 1900. Auckland, Christchurch, Dunedin, Thames and Wellington formed the Stock Association of New Zealand in 1915, joined by Taranaki in 1916, Invercargill in 1920 and Gisborne in 1922. The Stock Association of New Zealand set up a sub-committee to investigate setting up a national s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Administration (law)
As a legal concept, administration is a procedure under the insolvency laws of a number of common law jurisdictions, similar to bankruptcy in the United States. It functions as a rescue mechanism for insolvent entities and allows them to carry on running their business. The process – in the United Kingdom colloquially called being "under administration" – is an alternative to liquidation or may be a precursor to it. Administration is commenced by an administration order. A company in administrative receivership is operated by an administrator (as interim chief executive with custodial responsibility for the company's assets and obligations) on behalf of its creditors. The administrator may recapitalize the business, sell the business to new owners, or demerge it into elements that can be sold and close the remainder. Most countries distinguish between voluntary (board-decided) and involuntary (court-decided) receivership. In voluntary administrative receivership, the administ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Clothing Retailers Of New Zealand
Clothing (also known as clothes, apparel, and attire) are items worn on the body. Typically, clothing is made of fabrics or textiles, but over time it has included garments made from animal skin and other thin sheets of materials and natural products found in the environment, put together. The wearing of clothing is mostly restricted to human beings and is a feature of all human societies. The amount and type of clothing worn depends on gender, body type, social factors, and geographic considerations. Garments cover the body, footwear covers the feet, gloves cover the hands, while hats and headgear cover the head. Eyewear and jewelry are not generally considered items of clothing, but play an important role in fashion and clothing as costume. Clothing serves many purposes: it can serve as protection from the elements, rough surfaces, sharp stones, rash-causing plants, insect bites, by providing a barrier between the skin and the environment. Clothing can insulate against cold ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Retail Companies Established In 1909
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a very ancient history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar and online retailing. Digital technologies are also affecting the way that consumers pay for goods and services. Retailing support services may also include the provision of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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