Postie Plus administrator finds foreign buyer

Wed, 04 Jun 2014

By Paul McBeth June 4 (BusinessDesk) - The administrators of Postie Plus has found a foreign buyer for the retail chain's assets and business, a day after their appointment. PwC's David Bridgman and Colin McCloy reached a conditional agreement to sell Postie Plus as a going concern to an overseas-based retailer which doesn't have a presence in New Zealand. The buyer is conducting due diligence over the next three weeks, with the sale expected to be completed within the next four weeks, they said in a statement. A PwC spokeswoman declined...

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