Investment company
Private investment company founded by Australian Brett Blundy in 1980 with offices in Sydney and Monaco. Core divisions are consumer, funds management, retail property, and cattle. Consumer brand investments include Lovisa (jewelry), Best & Less (clothing) and Adairs (homewares). Sold Bras N Things to HanesBrands in 2018 for $500 million and Honey Birdette to Playboy in 2021 for $443 million.
Company Assessment
(Last updated Jan 2019)
Praise
Criticism
Information
BB Retail Capital Pty Ltd
Praise
Criticism
Information
Live cattle export
BBRC exports the majority of its live cattle to Indonesia, with some stock going to Vietnam. In 2014 a spokesman the company was focused more on live cattle exports than trading processed beef. Live export has been heavily criticised by animal rights groups such as Animals Australia and RSPCA.
Source: news article
(2014)
Breaching advertising codes
This company's Honey Birdette subsidiary has been repreatedly criticised for offensive advertising. Fifteen times between 2012 and 2019 the Advertising Standards Bureau upheld complaints about poster ads by this company on the grounds that they breached advertising codes. The ads were subsequently discontinued or modified.
Company Details
Type:
Private company
Founded:
1980
Subsidiaries:
Best & Less Pty Ltd
Clothing retailer
Best & Less Group is made up of retail brands Best & Less and Postie (NZ). In 2019, Allegro Funds acquired the businesses from Greenlit Brands, and listed it on the ASX in 2021. Acquired by BB Retail Capital in 2023 and delisted from the ASX.
Contact Details
Products / Brands
Best & Less
Best & Less
Clothing Stores
Best & Less
Everyday Apparel