Best & Less
 | |
| Type | Public |
|---|---|
| ASX: BST | |
| Industry | Retail |
| Founded | 1965 |
| Headquarters | , Australia |
Number of locations | Over 180 |
Number of employees | Over 3,000 |
| Parent | Allegro Funds |
| Website | www.bestandless.com.au |
Best & Less is an Australian retailer of clothing and household linens.
History[]
Best & Less was founded by Berel Ginges[1] in January 1965, by occupying part of the ground floor of the department store "Snows" which was in the process of closing down. 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 December 2019, Allegro Funds acquired Best & Less from Greenlit Brands.[2] Throughout Australia they now have over 180 stores. Best & Less Group was float on the Australian Securities Exchange in July 2021 under the code BST.[3]
References[]
- ^ "Archived copy" (PDF). Archived from the original (PDF) on 2 January 2010. Retrieved 2010-04-22.CS1 maint: archived copy as title (link)
- ^ Thompson, Sarah (29 April 2021). "Mum's the word at Best & Less Group". Australian Financial Review.
- ^ Thompson, Sarah; McDonald, Anthony; Boyd, Tim (22 June 2021). "Blundy piles into Best & Less; IPO 2.0 launched". Australian Financial Review.
External links[]
- Clothing retailers of Australia
- Companies based in Sydney
- Companies listed on the Australian Securities Exchange
- Retail companies established in 1965
- 1965 establishments in Australia