11 October 2017
Allegro Fund III today announced the acquisition of New Zealand’s Leading footwear retail group, which includes Number One Shoes “NOS” and R Hannah & Co “Hannahs”. NOS and Hannahs together have a total of 112 stores across New Zealand and greater than 30% share of the growing value and middle segment of the NZ footwear market.
NOS is a value orientated, big-box footwear retailer offering affordable private labelled shoes between the prices of $20 to $60+. This business is New Zealand’s largest specialist discount retailer with 51 stores across New Zealand.
Hannahs, established in 1968, is the oldest footwear retail chain in New Zealand. The company has an enviable store network of 61 stores located in all major malls and high streets in New Zealand.
Combined together, these businesses are the market leaders in New Zealand for shoes retailing from $20 to $200 per pair.
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