Best & Less
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Owned |
AUS |
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Clothing retailer
In 2019 Allegro Funds bought Steinhoff International's Australasian general merchandise division, including the Best & less, Harris Scarfe, Debenhams and Postie retail chains.
Company Ownership
Best & Less Pty Ltd | AUS | website | ||||
Allegro Funds Pty Ltd ![]() owns 100% of Best & Less Pty Ltd |
AUS | website | ||||
Private equity firm Independently owned Australian fund manager investing primarily in mid-market businesses within Australia and New Zealand. Acquired the master franchise licence for Pizza Hut Australia from its parent company, Yum! Brands in 2016. Acquired Steinhoff International's Australasian general merchandise division in 2019, including the Best & less, Harris Scarfe, Debenhams and Postie retail chains. |
Company Assessment
PRAISE | CRITICISM | INFORMATION | ||
Best & Less Pty Ltd | ||||
Signatory to the Australian Packaging Covenant, a voluntary agreement to encourage waste minimisation.
Source: Australian Packaging Covenant (2020)
Oxfam Australia's Company Tracker compares the big clothing brands on their efforts to pay a living wage to the women working in their factories. This company has released the names and addresses of at least 70% of their supplier factories, and has taken some action towards paying a living wage within a set timeframe in the supply chain.
Source: Oxfam Australia (2019) |
C grade in the Baptist World Aid Australia's 'Ethical Fashion Report 2019', which grades companies, from A to F, on the strength of their systems to mitigate against the risks of forced labour, child labour and worker exploitation in their supply chains, as well as protect the environment from the harmful impacts of the fashion industry. Assessment criteria fall into five main categories: policies, transparency and traceability, auditing and supplier relationships, worker empowerment and environmental management.
Source: Baptist World Aid Australia (2019) |
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Allegro Funds Pty Ltd | ||||
UNPRI is a set of six principles direct institutional investors may adopt to consider environmental, social and corporate governance issues when investing. UNPRI is a voluntary agreement.
Source: UNPRI (2020) |
Company Details
Type | Wholly-owned subsidiary |
Contact Details
Address | 657-673 Parramatta Road, Leichhardt, NSW, 2040, Australia |
Phone | 1300 135 766 |
Website | www.bestandless.com.au |
Products / Brands
Best & Less
Best & Less Everyday Apparel Best & Less Clothing Stores |