RESEND: Postie Plus brand gets second chance as well-funded Pepkor buys stores, sheds debt

Tue, 22 Jul 2014

(Fixes spelling of Bridgman in eighth paragraph) July 23 (BusinessDesk) - The Postie Plus brand is getting a new lease of life after South Africa's Pepkor bought the failed retailer's assets out of administration and said it will use its purchasing power to reduce costs of stock and fatten margins. Jason Murray, managing director of Pepkor South East Asia told BusinessDesk. The South African company will use its scale to reduce stock costs and fatten margins, while ensuring Postie isn't starved of capital, he said. "You can’t s...

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