Formerly | Steinhoff Asia Pacific Group |
---|---|
Company type | Subsidiary |
Industry | Retail |
Parent | Ibex Topco B.V. |
Divisions | |
Website | greenlitbrands |
Greenlit Brands, formerly Steinhoff Asia Pacific Group, is the Australian subsidiary of Ibex Topco B.V.. It owns the furniture retailers Fantastic Furniture and Freedom Furniture .
Steinhoff International acquired South African company Pepkor in November 2014. [1]
In October 2016, Steinhoff Asia Pacific announced it would acquire Fantastic Holdings for A$361 million. 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. [3]
In November 2019, Greenlit announced it would sell its entire general merchandising division to private equity firm Allegro Funds. The deal included Best & Less, Harris Scarfe and Postie. [4] [5]
In October 2021, Greenlit sold its Plush sofa business to Nick Scali Furniture for $110 million. [6] In June 2022, Greenlit sold its Original Mattress Factory retail business. [7]
In April 2023, LK Group's Queens Lane Capital investment arm purchased Snooze from Greenlit Brands, along with its FutureSleep bedding manufacture and G&G furniture import and wholesale subsidiaries. [8] [9]
Postie, formerly Postie Plus, is a New Zealand clothing store chain. It was founded in 1909 by Thomas Dellaca. As of October 2022, Postie has 61 stores as well as an online platform. Together with Australian retailer Best & Less, it forms the Best & Less Group.
DFS Furniture plc, trading as dfs, is a furniture retailer in the United Kingdom and Ireland specialising in sofas and soft furnishings. It is listed on the London Stock Exchange.
Harris Scarfe is an Australian retailer that sells bed linen, kitchenware, homewares, electrical appliances and apparel. It was founded in 1849 in Adelaide, South Australia and has more than 50 stores nationally.
Best & Less is an Australian retailer of clothing and household linens. As of October 2022, Best & Less has 182 stores as well as an online platform.
The Simmons Bedding Company is an American major manufacturer of mattresses and related bedding products, based in Atlanta, Georgia. The company was founded in 1870. Simmons' flagship brand is Beautyrest. In addition to operating 18 manufacturing facilities in the United States and Puerto Rico, the company licenses its products internationally. According to a Simmons press release, net sales for 2005 were $855 million, and its revenue was $1.13 billion in 2007 and $1.228 billion in 2013. In 2011, Simmons ranked in third place among U.S. mattress manufacturers, with a 15.7 percent market share. In 2012, Simmons and its sister company Serta International were acquired by American private equity company Advent International. As of 2022, Simmons is a subsidiary of the American company Serta Simmons Bedding, LLC of Doraville, Georgia. On January 23, 2023, Serta Simmons Bedding filed for Chapter 11 bankruptcy.
Boans was a department store chain that operated in Perth, Western Australia between from the late 19th century to the late 20th century.
Ashley Furniture Industries, Inc. is an American home furnishings manufacturer and retailer, headquartered in Arcadia, Wisconsin. The company is owned by father and son team Ron and Todd Wanek. Ashley Furniture manufactures and distributes home furniture products throughout the world.
Harveys Furniture Ltd was a British retail chain, specialising in living room and dining room furniture, and was one of the largest furniture specialists in the United Kingdom, with over 150 stores alongside Oak Furnitureland.
Fantastic Furniture is an Australian owned and operated furniture retailer. It is a subsidiary of Greenlit Brands.
Pepkor is a South African-based investment and holding company focused on the discount and value consumer retail and fintech markets. The majority of operations are in South Africa, and operations extend to other African countries and Brazil. It manages retail brands, selling predominantly clothing, footwear, and homeware products, in addition to household furniture, appliances, consumer electronics, and building materials.
Christoffel Hendrik Wiese is a South African billionaire businessman who was the longtime chairman of Shoprite and Pepkor. He was also the chairman and largest shareholder of Steinhoff International until its collapse in December 2017.
Nick Scali Limited is a publicly listed Australian company that imports and retails furniture such as lounge suites, dining tables, coffee tables, chairs, and entertainment units. It was founded in 1962 by Nick D. Scali.
Freedom is a furniture and homewares retail chain in Australia and New Zealand. It is owned and operated by Greenlit Brands.
Steinhoff International was a multinational holding company that was dual listed in Germany and South Africa. It was officially liquidated on 13 October 2023. Its holdings were in the retail sector, primarily in furniture and household goods, and included a 43,8% stake in South Africa's Pepkor group. The company operated in Europe, Africa, Asia, the United States, Australia, and New Zealand. It was well known for an accounting scandal which led to criminal charges against its former chief executive, Markus Jooste.
Chittenden & Eastman Company is an American handcrafting mattress manufacturer originally based in Burlington, Iowa. The company has thirty factories around the world and is currently headquartered in North Brunswick, New Jersey. Chittenden & Eastman's intellectual property has since been purchased by Mattress Development Company of Delaware which reintroduced the Eastman House brand into the marketplace. The company is active with over 30 factories and licensees worldwide.
Markus Johannes Jooste was a South African businessman and the CEO of Steinhoff International. He was an avid horse breeder, and in 2016 was reported to be one of Africa's richest people, worth $400 million. Joining forces with Christo Wiese in 2014, they embarked on an aggressive international expansion programme. The share price of their conglomerate reached a peak in March 2016, favouring their strategy of paying for dividends and acquisitions by sales of stock.
Spotlight Group Holdings Pty Ltd (SGH) is an Australian retail conglomerate and one of the country's largest private companies. Its Spotlight Retail Group division operates fabric and craft store chain Spotlight, outdoor retailers Anaconda and Mountain Designs, and department store chain Harris Scarfe. The first Spotlight store was established in Melbourne in 1973 by brothers Morry Fraid and Ruben Fried.
A furniture retailer, furniture store or furniture shop is a retail businesses that sells furniture and related accessories. Furniture retailers usually sell general furniture, seats and upholstered suites, and specialised items produced for a commission. They may sell a range of styles to suit different homes and personal tastes, or specialise in particular styles like retro style furniture.
Retailing in New Zealand is an important sector in the economy of New Zealand, as a channel for a large proportion of household spending and international visitor spending.