Postie Explained

Postie
Former Name:	Postie Plus
Industry:	Retail
Founded:	in Reefton
Founder:	Thomas Dellaca
Num Locations:	61 stores
Num Locations Year:	2022
Products:	Clothing
Owner:	Best & Less Group

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.^[1] 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.^[2]

The Postie Plus Group purchased the Arbuckles manchester chain in 2003 for .^[3] In September 2003, Postie Plus was floated on the New Zealand stock exchange.^[4]

In January 2009, Jan Cameron purchased Arbuckles from Postie.^[5] In April 2012, Postie Plus sold its Babycity chain of stores.^[6] In January 2014, the company sold its SchoolTex uniform brand to The Warehouse Group for .^[7]

In June 2014, the company was placed in voluntary administration. In July 2014, South African investment company Pepkor acquired Postie.^[8] Steinhoff Asia Pacific (later renamed Greenlit Brands) obtained Postie when it acquired Pepkor in November 2014.^{[9] [10] [11]}

In November 2019, private equity firm Allegro Funds acquired Postie from Greenlit Brands.^[12]

References

1. Web site: 21 October 2022 . Annual Report 2022 . 22 April 2023 . Best & Less Group . 1.
2. Web site: Meier . Cecile . Steeman . Marta . 8 June 2014 . How Postie went from Plus to minus . 22 April 2023 . Stuff . en.
3. Web site: 31 January 2009 . Arbuckles to shut doors . 23 April 2023 . Stuff . en.
4. Web site: Dunn . Sarah . 5 July 2019 . Back in time: Postie celebrates 110 years in business . 23 April 2023 . The Register . en-US.
5. Web site: 31 January 2009 . Jan Cameron buys Arbuckles . 23 April 2023 . Stuff . en.
6. Web site: Postie Plus to sell Babycity chain . 23 April 2023 . NZ Herald . en-NZ.
7. Web site: Warehouse buys school uniform business from Postie Plus . 23 April 2023 . NZ Herald . en-NZ.
8. News: 18 July 2014 . South Africa's Pepkor buys troubled NZ retailer Postie Plus . en . Reuters . 22 April 2023.
9. Web site: Bray . Chad . 25 November 2014 . Steinhoff International to Buy Pepkor of South Africa for $5.7 Billion . 22 April 2023 . DealBook . en.
10. Web site: Powell . Dominic . 19 November 2019 . Best & Less, Harris Scarfe back in Australian hands . 22 April 2023 . The Sydney Morning Herald . en.
11. Web site: Blake . Dean . 28 September 2018 . Steinhoff Asia Pacific rebranding Greenlit . 22 April 2023 . Inside Retail . en-US.
12. Web site: Shaw . Aimee . 21 November 2019 . Postie sold to Australian private equity firm Allegro . 22 April 2023 . NZ Herald . en-NZ.