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Best & Less

OVERALL

Owned
AUS
Rating
Some praise, no criticism

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   email   facebook   
  Allegro Funds Pty Ltd   
   owns 100% of Best & Less Pty Ltd  
AUS     website   email      

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.

> About the Ratings

Company Assessment

PRAISE CRITICISM INFORMATION
Best & Less Pty Ltd
Environment Australian Packaging Covenant signatory
Signatory to the Australian Packaging Covenant, a voluntary agreement to encourage waste minimisation.
Source: Australian Packaging Covenant (2020)
Social Efforts to pay a living wage
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)
Business Ethics Ethical Sourcing claims
This company has ethical sourcing claims on its website.
Source: company website (2014)
Social C grade in 2019 Ethical Fashion Report
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)
Allegro Funds Pty Ltd
Business Ethics UN Principles for Responsible Investment signatory
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)

> About the Icons

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


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