Postie to launch new brands, tapping South African owner's supply chain

Tue, 16 Dec 2014

By Suze Metherell Dec. 17 (BusinessDesk) - Postie, the retail chain bought out of administration by South African retailer Pepkor, is betting on its new owner's economies of scale to boost sales in a "challenging" retail environment. The international retail chain owner acquired Postie’s 64 stores, intellectual property, staff, head office and stock from the administrators in July for an undisclosed sum after the clothing retailer's lenders withdrew support as the company faced ongoing losses. The Auckland-based retailer is making use of...

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