Warehouse buys SchoolTex from Postie Plus for $9 mln, adding to uniform range

Tue, 14 Jan 2014

Jan. 15 (BusinessDesk) - Warehouse Group, New Zealand’s largest listed retailer, has agreed to buy SchoolTex from Postie Plus Group for $9 million, adding the nation’s biggest supplier of school uniforms to its department stores. “We see the Schooltex uniform brand complementing The Warehouse’s existing school apparel and back to school product range,” chief executive Mark Powell said in a statement. Postie Plus shares have shed 57 percent in the past 12 months and the clothing retailer posted a $13.2 million loss in its latest year after wr...

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