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While the group primarily invests in commercial property assets, such as office towers [12] [13] [14] most of its recent growth has been in self-storage units, a sector buoyed by the storage needs of Australia's growing e-commerce industry. [15] In 2020, Abacus acquired Storage King Pty Ltd, buying the remaining $50m of shares. [16]
They sell dining room and bedroom furniture as well. Nick Scali operate multiple showrooms and distribution centres across all states and territories in Australia. [2] In 2017 Nick Scali opened its first showroom in Auckland, New Zealand. [3] In November 2021, Nick Scali acquired Plush-Think Sofas Pty Ltd business from Greenlit Brands for $110 ...
In April 1999, Freedom acquired the Guests and Andersons furniture chains for $22.4 million in cash and stock. [10] In 2000, it acquired bedding company Capt'n Snooze. [11] In 2002, the company acquired the Bayswiss homewares chain. [12]
Direct Factory Outlet was founded in 1997 by Liberty Oil founders David Goldberger and David Wieland. The first centre was opened at Moorabbin Airport in 1994. [1] [2] Other shareholders were property developer Geoff Porz and former Australian Competition & Consumer Commission chief Graeme Samuel through a blind trust. [3]
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Grace Removals was established in 1911 when retailer Grace Bros established a furniture removal division in Sydney. [1] [2] In the mid-1960s it expanded to operate in all states in Australia. [3] [4] In 1984, Grace Removals was purchased by Brambles. [5] In 1994 it was sold to Jim Thompson, the founder and owner of the Crown Worldwide Group. [6 ...
Fantastic Holdings included the chains Fantastic Furniture, Plush, Le Cornu and Original Mattress Factory. [ 2 ] In September 2018, Steinhoff Asia Pacific rebranded as Greenlit Brands to distance itself from the controversy surrounding its parent company.
Over the next few years a number of Fantastic Furniture stores opened across NSW. [5] In 2006, Fantastic Furniture acquired Royal Comfort Bedding (RCB), [5] a NSW mattress manufacturer, to produce its mattress range in Australia. [3] Today, Fantastic Furniture is a national chain with over 70 stores around the country. [6]