It’s common for growing and thriving companies to attract potential suitors who want to acquire their success as Best & Less Group (ASX: BST) has achieved this through an unsolicited offer from institutional investors Ray Itaoui and Brett Blundy. However, while target companies are normally acquired at a premium, Best & Less will receive less
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Even as shoppers return to stores and get back on their shopping sprees, value apparel retailer Best and Less (ASX: BLG) is struggling to attract customers. In H1 FY23, the Company delivered an unaudited total revenue of $324.8 million, a 13% increase on H1 FY22. However, its EBITDA was down 28.2% to $22.1 million. Best
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