14 Dec 2011

Postie Plus Group wants to double in size

6:31 am on 14 December 2011

Postie Plus Group wants to double in size and has acquisition targets in its sights.

At its annual meeting on Tuesday, chairman Richard Punter said Postie Plus has identified a number of potential acquisitions.

Mr Punter says the clothing retailer has been monitoring the performance of some retailers and believes the economic climate will result in more realistic valuations.

He says a careful and selective process is underway to acquire bolt-on businesses.