Business
Allegro hires Macquarie Capital for Best & Less – The Australian Financial Review
Private equity firm Allegro Funds is staring at a fairytale turnaround story with portfolio company Best & Less.
New owner Allegro has refocused the business on kids and babies clothes and they now account for more than 50 per cent of sales, while revenue is expected to be worth about $620 million this year.
It is understood 85 per cent of the group’s sales are made on the company’s own products, ensuring juicy margins for the integrated retailer, while it also has a loyalty club with a whopping 1.5 million members
Interestingly, it comes as another Greenlit Brands retailer, Fantastic Furniture, is in front…
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