Postie
Clothing retail chain in New Zealand
From Wikipedia, the free encyclopedia
Postie, formerly Postie Plus, is a New Zealand clothing store chain. It was founded in 1909 by Thomas Dellaca. As of October 2022, Postie has 61 stores as well as an online platform.[1] Together with Australian retailer Best & Less, it forms the Best & Less Group.
 | |
| Formerly | Postie Plus |
|---|---|
| Industry | Retail |
| Founded | 1909 in Reefton |
| Founder | Thomas Dellaca |
Number of locations | 61 stores (2022) |
| Products | Clothing |
| Owner | Best & Less Group |
| Website | postie |
History
Postie was founded in 1909 by Thomas Dellaca as a boot repair shop near Reefton.[2]
The Postie Plus Group purchased the Arbuckles manchester chain in 2003 for NZ$9.5 million.[3] In September 2003, Postie Plus was floated on the New Zealand stock exchange.[4]
In January 2009, Jan Cameron purchased Arbuckles from Postie.[5] In April 2012, Postie Plus sold its Babycity chain of stores.[6] In January 2014, the company sold its SchoolTex uniform brand to The Warehouse Group for NZ$9 million.[7]
In June 2014, the company was placed in voluntary administration.[2] In July 2014, South African investment company Pepkor acquired Postie.[8] Steinhoff Asia Pacific (later renamed Greenlit Brands) obtained Postie when it acquired Pepkor in November 2014.[9][10][11]
In November 2019, private equity firm Allegro Funds acquired Postie from Greenlit Brands.[12]