Hallenstein Glasson Holdings Limited

Overview

The present company was the vehicle for the merger of Hallensteins and Glassons retail chains in 1985. The company's stores cater for the medium priced-quality end of the market, and the group's property assets are principally occupied by Hallensteins and Glassons stores.

In June 2003, the company decided to withdraw its Hallensteins menswear chain from Australia and focus expansion on the Glassons womenswear chain.

In March 2004 it agreed to sell its HBKGirl outlets. In September 2007 the group's total stores stood at 111, including 25 in Australia.

In May 2008, HLG moved its Glassons buying team to Melbourne for the purposes of moving its `core function' to the `growth opportunities' that are present within the Australian market.

Performance

The following information was extracted from Hallenstein Glasson Holdings Limited's Market Update, released on 28 August 2026:

HALLENSTEIN GLASSON HOLDINGS LIMITED TRADING UPDATE FOR THE FULL YEAR ENDED 1 AUGUST 2026

The Company advises that Group sales for the 12 months ended 1 August 2026 were $563.0 million, an increase of +19.6% on the prior year ($470.7 million).

The Directors note the result has benefitted from a stronger Australian Dollar and on a constant currency basis, sales were up +15.6% on the prior year.

Group net profit before tax is expected to be within the range of $83.0 million to $84.5 million (prior year $58.4 million), an increase of approximately +43.5%. The balance sheet for the Group remains strong and stock levels continue to be well controlled. A full announcement with financial statements including a dividend declaration will be released to the market on 29 September 2026.