Project Description
SNAPSHOT
| Type of Investment: | Corporate Orphan |
| Industry: | Retail |
| Initial Investment: | December 2019 |
| Fund: | Allegro Fund III |
| Investment Status: | Current |
| Website: | www.bestandless.com.au www.postie.co.nz |
| Contact: | Fay Bou Christopher Koeck |
BUSINESS OVERVIEW
Best & Less Group is made up of iconic retail brands that include Best & Less and Postie (NZ). The two brands together operate over 250 stores across Australia and New Zealand and employ over 4,000 employees.
In December 2019, Allegro acquired the businesses from Greenlit Brands.
Best & Less Group is the fifth investment in Allegro Fund III.