Hannahs and Number One Shoes change hands again

  • News
  • October 12, 2017
  • Sarah Dunn
Hannahs and Number One Shoes change hands again

Australian automotive parts company Bapcor has signed sale agreements for its New Zealand Footwear division, comprising Kiwi footwear chains Hannahs and Number One Shoes. The sale comes less than a year after Bapcor acquired the chains’ former owner, Hellaby Holdings, for $352 million.

Hannahs has 52 stores around New Zealand, plus one Pulp and 10 Hush Puppies sister stores. Number One Shoes has 51 stores.

A post shared by Hannahs NZ (@hannahsnz) on

Hellaby initiated a restructure for its footwear brands in September 2016 to address flagging performance.  The Hannahs brand and stores received a refresh, and Number One Shoes was intended to return to its origins as a bulk offering after “migrating up the value chain”.

At the time of the February 1 2017 acquisition, Bapcor indicated that it would likely seek to keep Hellaby’s automotive businesses and sell the non-core businesses. These sales have now gone ahead for Hannahs and Number One Shoes and contract resources businesses.

A release provided by Bapcor to the ASX says the sales are expected to be completed over the rest of this month. It is also working to divest TBS Group.

“Expected proceeds from the total sales of non-core assets are consistent with Bapcor achieving the value of “assets held for sale” as disclosed in Bapcor’s June 2017 accounts of NZ$92m.”

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Storm CEO buys the brand from Hallenstein Glasson

  • News
  • March 20, 2018
  • Sarah Dunn
Storm CEO buys the brand from Hallenstein Glasson

While Hallenstein Glasson has enjoyed a strong recovery at the last annual report, its ‘high-end fashion’ brand Storm has consistently been a weak performer compared to Glassons and Hallenstein Brothers. Now, it’s been purchased by chief executive Deborah Caldwell.

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Catch Group launches bargain website in New Zealand

  • News
  • March 20, 2018
  • Sarah Dunn
Catch Group launches bargain website in New Zealand

A new website called Catch of the Day will target Kiwi bargain-hunters with thousands of products across dozens of retail categories. The suite of sites run by owner Catch Group in Australia sell an item every 2.8 seconds, and ship over 10,000 orders per day.

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