Fantastic Holdings
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Fantastic Furniture is an Australian owned and operated furniture retailer. It is a subsidiary of
Greenlit Brands Greenlit Brands, formerly Steinhoff Asia Pacific Group, is the Australian subsidiary of Steinhoff International. It owns the furniture retailers Freedom Furniture, Fantastic Furniture and Snooze. History Steinhoff International acquired South ...
.


History

Fantastic Furniture started as a market stall at Sydney's
Parklea Parklea is a suburb in Sydney, in the state of New South Wales, Australia. It is approximately 35 kilometres north-west of the Sydney central business district, in the local government area of the City of Blacktown and is a part of Greater West ...
Markets in 1989, by friends Paul Harding and Jonathan De Jong, selling outdoor furniture. Two years later, the first Fantastic Furniture public store opened at
Birkenhead Point Birkenhead Point is a Peninsula, point in Port Jackson, in the suburb of Drummoyne, New South Wales, Australia. The area was once largely industrial but it is now the home to Birkenhead Point Outlet Centre, marina and apartment complex. Birken ...
. The following year the Fantastic Lounge Factory opened and started production of Australian made sofas and lounges for Fantastic Furniture. In the following years, the business couldn't keep up with the demand and in 1996 it went into administration. The business was subsequently acquired by Peter Brennan, Peter Draper and Julian Tertini and underwent a restructure. Over the next few years a number of Fantastic Furniture stores opened across NSW. In 2006, Fantastic Furniture acquired Royal Comfort Bedding (RCB), a NSW mattress manufacturer, to produce its mattress range in Australia. Today, Fantastic Furniture is a national chain with over 70 stores around the country. In August 2017, Fantastic Furniture partnered with CB2 x Fred Segal. In 2016, it was included in the takeover of Furniture Holdings by
Steinhoff International Steinhoff International is a multinational holding company that is dual listed in Germany and South Africa. Its holdings are in the retail sector, primarily in furniture and household goods, and include a controlling stake in South Africa's P ...
and delisted from the
Australian Securities Exchange Australian Securities Exchange Ltd or ASX, is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia as ...
.


Furniture and beds


Fantastic Lounge Factory

Fantastic Furniture started manufacturing Australian made sofas and lounges in 1992. Today, the Sydney-based factory is the largest manufacturer of sofas in the Southern Hemisphere and produce and deliver over 130,000 sofas and lounges each year.


Royal Comfort Bedding

In 2006, RCB joined Fantastic Holdings Limited, which gave Fantastic Furniture the ability to self-produce their entire mattress range.


Controversies

In September 2015 it was reported that dining chair design sold by Fantastic Furniture had cut off an individual's toe after being caught in the inner side of one of the chair legs. In January 2016 Fantastic Furniture was forced by the
Australian Competition & Consumer Commission The Australian Competition and Consumer Commission (ACCC) is the chief competition regulator of the Government of Australia, located within the Department of the Treasury. It was established in 1995 with the amalgamation of the Australian Tra ...
(ACCC) to recall one of their metal dining chairs. The "Worx chair", which according to the Australian Furniture Association, is based on a 1934 design that has "tapering on the inside bottom of the chair legs may lead to an entrapment or laceration hazard", according to the ACCC.


References

{{reflist Australian companies established in 1989 Companies based in Sydney Companies formerly listed on the Australian Securities Exchange Furniture retailers of Australia Retail companies established in 1989