Postie Plus to shut 12 stores, eliminate 64 workers

Wed, 18 Jun 2014

By Suze Metherell June 19 (BusinessDesk) - The administrators of failed retailer Postie Plus Group, which has been bought by a yet-to-be-named foreign retailer, will close 12 of the chain's 82 shops in New Zealand, cutting 64 workers. Prior to the appointment of administrators David Bridgeman and Colin McCloy, Postie Plus management had identified a number of stores that were no longer viable, the PwC receivers said in a statement. The retailer went into voluntary administration last month after unsuccessful attempts to recapitalise the b...

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