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Novo Shoes Group snaps up Spendless

Spendless founder John Charlton. The company that manages Naturalizer and other shoe brands in Australia has bought South Australia-based footwear chain Spendless Shoes, making it one of the biggest footwear retailers in the country. Novo Shoes Group operates more than 100 stores stocking the Novo, Naturalizer, Ipanema, Grendha and Rider brands in Australia and New Zealand. The acquisition of Spendless Shoes gives it an additional 214 locations across Australia. “As the largest family footwear