INDEPENDENT NEWS

The Warehouse Group Limited to Acquire Schooltex Brand

Published: Wed 15 Jan 2014 01:13 PM
Media release
8:30AM, Wednesday 15 January 2014
The Warehouse Group Limited to Acquire Schooltex Brand
The Warehouse Group (TW Group), New Zealand’s largest listed retailer with leading retail brands including The Warehouse, Warehouse Stationery, Noel Leeming and Torpedo7, has entered into a conditional agreement to acquire the Schooltex school uniform brand and stock from Postie Plus Group.
Schooltex is New Zealand’s leading school uniform brand supplying over 1,100 schools with their uniform and sportswear needs.TW Group Chief Executive, Mark Powell said that the Schooltex brand will strengthen The Warehouse’s position in the school uniform market.
“Acquiring the Schooltex brand will allow us to provide families with more choice for their back to school needs,” said Mr Powell.
“We see the Schooltex uniform brand complementing The Warehouse’s existing school apparel and back to school product range,” said Mr Powell.
“It also aligns well with work that we are doing acrossTW Group to support schools and education from a community perspective.”
Schools will be contacted throughout January and February so that they can communicate with parents to let them know which The Warehouse store uniforms can be purchased at from the end of February.
The acquisition will see six Schooltex support office and regional staff employed by The Warehouse at the end of February.
ENDS

Next in Business, Science, and Tech

Trump authorises use of emergency crude stockpile
By: BusinessDesk
UK trade minister pops up into Wellington
By: BusinessDesk
UPDATE: Tamarind halts Tui drilling; OMV assesses options
By: BusinessDesk
Crown to seek clarity through appeal of High Court decision
By: New Zealand Government
Better safeguards for Commercial Video On-Demand viewers
By: New Zealand Government
Saudi attacks: Global oil prices spike, petrol uncertainty
By: RNZ
Q+A: Megan Woods interviewed by Jack Tame
By: TVNZ
MARKET CLOSE: NZ shares fall; high oil prices weigh
By: BusinessDesk
NZ dollar edges higher as concerns over Saudi attack ease
By: BusinessDesk
$US6.50 per Barrel increase for petrol
By: Gull Petroleum
Oiling for War: The Houthi Attack on Abqaiq
By: Binoy Kampmark
UK Trade Secretary holds trade talks in Beehive
By: RNZ
PM's Post-Cab 16/9/19: A Way Forward
By: The Scoop Team
NZ, UK ministers reiterate commitment to trade talks
By: New Zealand Government
UK International Trade Secretary visits New Zealand
By: UK Government
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media