Best & Less
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Company type | Private |
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| Headquarters | , Australia |
Number of locations | 182 stores (2022) |
| Revenue | Script error: No such module "WikidataIB". |
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| Owner | BB Retail Capital |
Number of employees | Script error: No such module "WikidataIB". |
| Website | bestandless |
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Best & Less is an Australian retailer of clothing and household linens. As of October 2022, Best & Less has 182 stores as well as an online platform.[1]
History
Best & Less was founded by Berel Ginges in January 1965, by occupying part of the ground floor of the department store "Snows" which was in the process of closing down.[2][3] Prior to trading as Best & Less, the store was known as "Shenows". Best & Less officially opened their first store in Parramatta on 27 May 1965.
Best & Less was known for its frugal in-store appearance, with minimal fixtures, and its advertising tagline was "You don't pay for any fancy overheads". The ads often featured Joy Muir, then president of the Australian Housewives' Association, delivering the line to cameras.[citation needed]
In 1998, Best & Less was acquired by the South African investment company Pepkor.[3] Steinhoff Asia Pacific (later renamed Greenlit Brands) obtained Best & Less when it acquired Pepkor in 2014.[4][5]
In December 2019, Allegro Funds acquired Best & Less from Greenlit Brands.[6]
Best & Less Group
Best & Less Group is the holding company which comprises Best & Less and the New Zealand clothing chain Postie. It was floated on the Australian Securities Exchange in July 2021 under the code BST.[7]
In February 2023, CEO Rodney Orrock left the company to focus on his health.[8]
BB Retail Capital acquired Best & Less in July 2023.[9]
References
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- ^ Page Module:Citation/CS1/styles.css has no content."Annual Report 2022" (PDF). Best & Less Group. 21 October 2022. p. 1. Retrieved 22 April 2023.
- ^ Page Module:Citation/CS1/styles.css has no content."Chapter Four 1980–1990 Raising the Stakes" (PDF). Archived from the original (PDF) on 2 January 2010. Retrieved 22 April 2010.
- ^ a b Page Module:Citation/CS1/styles.css has no content.Kaufman, Eve (21 January 2015). "Berel Ginges founded Best & Less but was known for so much more". The Sydney Morning Herald. Retrieved 16 April 2023.
- ^ Page Module:Citation/CS1/styles.css has no content.Powell, Dominic (19 November 2019). "Best & Less, Harris Scarfe back in Australian hands". The Sydney Morning Herald. Retrieved 16 April 2023.
- ^ Page Module:Citation/CS1/styles.css has no content.Blake, Dean (28 September 2018). "Steinhoff Asia Pacific rebranding Greenlit". Inside Retail. Retrieved 16 April 2023.
- ^ Page Module:Citation/CS1/styles.css has no content.Thompson, Sarah (29 April 2021). "Mum's the word at Best & Less Group". Australian Financial Review.
- ^ Page Module:Citation/CS1/styles.css has no content.Thompson, Sarah; McDonald, Anthony; Boyd, Tim (22 June 2021). "Blundy piles into Best & Less; IPO 2.0 launched". Australian Financial Review.
- ^ Page Module:Citation/CS1/styles.css has no content.LaFrenz, Carrie (31 January 2023). "Reject Shop CEO exits after 7 months". Australian Financial Review. Retrieved 16 April 2023.
- ^ Page Module:Citation/CS1/styles.css has no content."New Best & Less owners force compulsory acquisition". 10 July 2023.
External links
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