POSTNET AUSTRALIA has entered immediate Liquidation
Franchise print, pack and send operation PostNet has entered immediate liquidation. The 15 franchises are now in limbo but will continue to trade.
Graham Ward of Mackay Goodwin in Sydney has been appointed as liquidator.
Established in Australia in early 2007, the company has 15 stores located in Sydney, Melbourne, Brisbane, and Perth and was aiming for 100 nationwide. The stores offered printing as well as design, packaging and mailing.
PostNet has been franchising since 1993 and has 750 locations, nearly 300 in the United States and the balance in Australia, South Africa, Canada, Brazil, Colombia, Costa Rica, the Dominican Republic, Panama and Venezuela.