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
Adrian Loader
Christopher Koeck

BUSINESS OVERVIEW

Value Retail 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.

Value Retail Group is the fifth investment in Allegro Fund III.