Homewares retailer Greenlit Brands is one step closer to distancing itself from troubled parent Steinhoff International after selling its general merchandise business, which includes Harris Scarfe and Best & Less, to private equity firm Allegro Funds.

Greenlit Brands, formerly known as Steinhoff Asia Pacific, has also sold to Allegro its plus-size women's clothing chain, Postie, and Harris Scarfe's Debenham's business, which is due to close its only store early next year.