Milan Direct

Last updated

Milan Direct
IndustryOnline Retail
FoundersDean Ramler
Headquarters
Australia
Areas served
ProductsHousewares
Owner Temple & Webster
Website Milan Direct

Milan Direct was an Australian-based furniture company [1] that is now sold as a private label under the Temple & Webster brand. [2] The company was founded in 2006 [3] and operates primarily through an online marketplace. [4] [5]

Contents

Milan Direct was bought by online retailer Temple & Webster in 2015 for $20 million, [6] [7] [8] and is traded under TPW on the ASX. [9]

Overview

Milan Direct was founded in 2006 by Ruslan Kogan and Dean Ramler. Previously, Kogan had launched an online electronics retail business, [10] and Ramler's family has had a history of furniture design and production. [11] The company sells both modern and retro furniture [3] [12] and uses a direct to consumer distribution method. [3]

By 2010, the company had a revenue of $5.3 million and was named to the BRW Fast Starters list. [13] In 2011, Milan Direct generated $6.7 million in revenue and $12.6 million in 2012. [14]

In November 2015, Temple & Webster acquired Milan Direct ahead of its IPO. [7] [8] [15] In 2016, Milan Direct opened its first brick and mortar retail location in Richmond, Victoria. [16] [17] In December 2016, Temple & Webster absorbed Milan Direct, shut down its website and began selling its products from the Temple & Webster website as a private collection. [18]

Related Research Articles

Dick Smith Electronics Holdings Limited was an Australian chain of retail stores that sold consumer electronics goods, hobbyist electronic components, and electronic project kits. The chain expanded successfully into New Zealand and unsuccessfully into several other countries. The company was founded in Sydney in 1968 by Dick Smith and owned by him and his wife until they sold 60% to Woolworths in 1980, and the remaining 40% two years later.

<span class="mw-page-title-main">Argos (retailer)</span> British catalogue retailer

Argos Limited, trading as Argos, is a British catalogue retailer operating in Great Britain and formerly in Ireland, acquired by Sainsbury's supermarket chain in 2016. It was established in November 1972 and is named after the Greek city of Argos. The company trades both through physical shops and online, with 29 million yearly shop customers, and nearly a billion online visitors per annum. It has also franchised overseas to countries such as China.

Kogan.com is an Australian portfolio of retail and services businesses including Kogan Retail, Kogan Marketplace, Kogan Mobile, Kogan Internet, Kogan Insurance, Kogan Travel, Kogan Money, Kogan Cars, Kogan Energy, Dick Smith, Matt Blatt and Mighty Ape. The company was founded in 2006 by Ruslan Kogan.

<span class="mw-page-title-main">Ruslan Kogan</span> Australian businessman

Ruslan Kogan is a serial entrepreneur, and founder and CEO of Kogan.com as well as several other eCommerce-related companies in Australia. He was Australia's richest person under the age of 30 from 2011 to his 30th birthday in November 2012. In 2020, Kogan's net worth was estimated by the Financial Review 2020 Rich List as A$575 million.

Dato Patrick Y-Kin Grove is a Singaporean and Australian tech entrepreneur of mixed heritage.

Catcha Group is an international Internet group founded by entrepreneur Patrick Grove. The Group controls a number of publicly listed and private media, new media, online classifieds and e-commerce businesses, and is one of the largest investors in the digital sector in emerging markets, notably ASEAN. Catcha Group and its related entities have completed over 50 investments either directly or indirectly, as sole, majority or minority shareholders.

<span class="mw-page-title-main">Wayfair</span> American e-commerce company

Wayfair Inc. is an American e-commerce company based in Boston, Massachusetts that sells furniture and home goods online. Formerly known as CSN Stores, it was founded in 2002, and currently offers 14 million items from more than 11,000 global suppliers. It has offices and warehouses throughout the United States and in Canada, Germany, Ireland and the United Kingdom.

Redbubble is a global online marketplace for print-on-demand products based on user-submitted artwork. The company was founded in 2006 in Melbourne, Australia, and also maintains offices in San Francisco and Berlin.

<span class="mw-page-title-main">Made.com</span> British e-commerce company

Made.com was a British e-commerce company based in London that designed and sold furniture and home accessories online. The company was founded in 2010 by serial entrepreneur Ning Li and Brent Hoberman, together with Julien Callède and Chloe Macintosh.

<span class="mw-page-title-main">Bellamy's Organic</span> Australian baby food and formula producer

Bellamy's Organic is an Australian organic infant formula and baby food producer, and was a wholly owned subsidiary of Bellamy's Australia before being acquired by China Mengniu Dairy.

<span class="mw-page-title-main">Bellamy's Australia</span>

Bellamy's Australia is a major Australian food and beverage company, and is the parent company of Bellamy's Organic, Australia's largest organic infant formula producer.

<span class="mw-page-title-main">Booktopia</span> Australian online bookstore

Booktopia Group Ltd is an Australian online bookstore. Founded in 2004, it now turns over $165 million a year, and was listed in the AFR/BRW's Fast 100 eight times, the only company to ever achieve this feat, from 2009 to 2017. In 2016, 2017 & 2019 Booktopia was voted 'Bookstore of the Year'. In 2018 it won NSW Telstra Business of the Year and the Australian Telstra Business Award People's Choice Award. It has been a finalist in the Telstra Business Awards seven times from 2011 to 2018. Booktopia has stated that Australian authors and titles are a key focus for the company. The company also owns Angus & Robertson, a major Australian online bookseller, publisher, and printer.

My Pet Warehouse is an Australian retailer of pet supplies. It was founded in 2009 by Philip Bartholomew and it operates from thirteen locations. The company offers a variety of specialty pet supplies and accessories. As of 2015, it is the largest online retailer of pet supplies in Australia with $33 million annual revenue.

Adore Beauty is an Australian online cosmetics retailer. The company was founded in 1999 by Kate Morris and James Height and is based in the suburb of Northcote in Melbourne, Victoria.

<span class="mw-page-title-main">Temple & Webster</span> Australian furniture and homeware retailer

Temple & Webster is an Australian homewares and furniture retailer. The brand was founded in 2011, and listed on the ASX as Temple & Webster Group (TPW) in December 2015. The float followed the acquisition of two other businesses, the Australian operation of Wayfair and Milan Direct. In 2022, the company launched The Build, an online store for home improvement products.

<span class="mw-page-title-main">James Spenceley</span>

James Spenceley is an Australian investor, entrepreneur and company director. He is the founder of Vocus Communications and an active Venture Capital investor. He is also the Chairman of Airtasker (ASX:ART) and a Non-Executive Director of Kogan.com (ASX:KGN) as well as ASX listed Think Childcare Limited (ASX:TNK).

oOh!media Australian outdoor advertising and media company

oOh!media Limited is an Australian outdoor advertising and media company based in Sydney, Australia. The company was founded by Brendon Cook as Outdoor Network Australia in 1989, and is one of Australia's largest operators of out of home advertising products.

Afterpay Limited is an Australian financial technology company best known for its buy now, pay later (BNPL) service. It operates in Australia, the United Kingdom, Canada, the United States, and New Zealand. Afterpay was founded in 2014 by Nick Molnar and Anthony Eisen.

<span class="mw-page-title-main">Latitude Financial Services</span> Australian financial services company

Latitude Financial Services is an Australian financial services company with headquarters in Melbourne, Victoria, also doing business in New Zealand under the name Gem Finance. Latitude’s core business is in consumer finance through a variety of services including unsecured personal loans, credit cards, car loans, personal insurance and interest free retail finance. As of 2018 it had around a 6% share of Australia’s personal lending market, making it the biggest non-bank lender of consumer credit in Australia.

Sean Senvirtne is an Australian businessman. He is the founder and CEO of MyDeal, which is now a subsidiary of Woolworths. In 2022, he sold the majority share of the MyDeal group to Woolworths in a deal worth $280 million. He retained shares in the business, and remained as the Chief Executive of MyDeal.

References

  1. ↑ Bailey, Michael (2 March 2014). "The Factory put Freedom Stickers on our Stuff: Milan Direct CEO Dean Ramler Says Selling Furniture as Much About Data as Design". Business Review Weekly. Retrieved 13 January 2016.
  2. ↑ Kimmorley, Sarah (14 December 2016). "Temple and Webster and Milan Direct are Merging". Business Insider Australia. Retrieved 24 January 2017.
  3. 1 2 3 Bishop, Jen (12 March 2010). "Furniture Entrepreneur Grows Online Business". Dynamic Business. Retrieved 13 January 2016.
  4. ↑ Redrup, Yolanda (23 August 2013). "50 Years of Furniture: How Dean Ramler Created Australia's Leading Online Furniture Store Milan Direct". Smart Company. Archived from the original on 24 September 2015. Retrieved 13 January 2016.
  5. ↑ Carmody, Broede (31 March 2016). "Why Milan Direct Has Opened a Bricks-and-Mortar Store After 10 Years as an Online-Only Retailer". SmartCompany. Retrieved 21 April 2016.
  6. ↑ Carmody, Broede (13 November 2015). "Temple & Webster to Acquire Milan Direct and List on the ASX Next Month in a $60 Million IPO". Smart Company. Retrieved 13 January 2016.
  7. 1 2 Mitchell, Sue (13 November 2015). "Temple & Webster Acquires Milan Direct Ahead of IPO". Sydney Morning Herald. Retrieved 13 January 2016.
  8. 1 2 Thumm, Julian (13 November 2015). "Temple & Webster Acquires Milan Direct, Prepares for IPO". Power Retail. Retrieved 13 January 2016.
  9. ↑ "Temple and Webster Group LTD". EODdata. Retrieved 13 January 2016.
  10. ↑ Bishop, Jen (17 July 2010). "Ruslan Kogan:Young, Rich and Growing Two Businesses Fast". Dynamic Business. Retrieved 13 January 2016.
  11. ↑ Kidman, Angus (19 June 2015). "How I succeeded:Milan Direct's Dean Ramler". Life Hacker. Retrieved 13 January 2016.
  12. ↑ Keighran, Mandi (27 July 2012). "KnockIt Off". Sydney Morning Herald. Retrieved 13 January 2016.
  13. ↑ D'Angelo Fisher, Leo (31 March 2011). "Familiar Product, Novel Marketing". BRW. Retrieved 13 January 2016.
  14. ↑ Khadem, Nassim (20 August 2013). "Milan Direct on Track to Reach $15M Revenue As it Eyes Asia For Growth". BRW. Retrieved 13 January 2016.
  15. ↑ Thompson, Sarah; Macdonald, Anthony; Moullakis, Joey (6 November 2015). "Temple & Webster IPO Closes Over-Subscribed". Financial Review. Retrieved 13 January 2016.
  16. ↑ Thumm, Julian (31 March 2016). "Milan Direct Launches Pop-up Store". Power Retail. Retrieved 21 April 2016.
  17. ↑ "Milan Direct Opens First Melbourne Location". Internet Retailing. 31 March 2016. Retrieved 16 August 2016.
  18. ↑ Low, Catie (13 December 2016). "Temple & Webster Swallows Milan Direct". The Sydney Morning Herald. Retrieved 24 January 2017.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.