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
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 ...
, 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
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 ru ...
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
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 o ...
.
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 Australian subsidiary of Steinhoff International. It owns the furniture retailers Freedom Furniture, Fantastic Furniture and Snooze.
History
Steinhoff International acquired South ...
) obtained Postie when it acquired Pepkor in November 2014.
In November 2019, private equity firm Allegro Funds acquired Postie from Greenlit Brands.
References
External links
*
{{Retailers in New Zealand, state=collapsed
Clothing retailers of New Zealand
Retail companies established in 1909
1909 establishments in New Zealand