Bell Potter, Macquarie analysts start selling Best & Less

Bell Potter, Macquarie analysts start selling Best & Less
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Clothing retailer Best & Less Group will tell potential investors to expect $657.7 million revenue and $60.7 million EBITDA in the 2021 financial year.
Brokers Bell Potter and Macquarie kicked off marketing for Best & Less’ run at the ASX-boards on Thursday morning, sending detailed pre-deal reports to fund managers.
It’s about the kids: Best & Less Group is making its pitch to list on the ASX.  
Louie Douvis
Bell Potter analysts, headed by Sam Haddad, valued the group’s equity at up to $386 million and said the retailer’s strength was in baby and kids’ clothes, which accounted for about half of its sales last year.

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