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Fantastic Furniture

Fantastic Furniture Archives

Greenlit, Fantastic Furniture strengthen, despite Covid impact

All of the businesses within the group were both profitable and cashflow positive, reflecting a significant turnaround f...

Greenlit Brands revenue up 29 per cent in first quarter, Fantastic IPO delayed

After changed trading conditions, Greenlit postponed the consideration of an IPO until later in the financial year.

What will 2021 bring to the furniture industry?

The furniture industry has seen some strong tailwinds in 2020, as customers work on improving their home. But will this...

Ready, set, IPO: Why retailers are going public in 2021

After delaying public floats last year due to market volatility, these major retailers are revisiting their IPO plans.

Former Steinhoff CEO fined millions for insider trading

Marcus Jooste sent a 'warning SMS' to several shareholders before the furniture firm's infamous stock crash in 2017.
Fantastic Furniture

Greenlit Brands hit with $66 million half year loss

Supply chain delays and operational issues drag Greenlit's result down.

Tuggerah expands upwards

Tuggerah Super Centre $28 million redevelopment completed.

Fantastic Furniture buoys Steinhoff amidst negative press

Furniture group notes customer confidence still an issue.

Steinhoff seeks to delay debt claims

Retail conglomerate in talks with creditors.

Steinhoff International’s working capital dries up

Embattled company Steinhoff International has admitted in its quarterly update that its working capital has dried up.

Steinhoff APAC secures funding

Retail giant strikes deal with banks.

Steinhoff appoints ex-KPMG exec as CRO

Investigation into "accounting irregularities" continues as chief restructuring officer appointed.

Steinhoff secures more funding

Immediate liquidity needs "largely addressed" as APAC businesses continue talks with banks.

Steinhoff CFO steps down

More management changes at embattled retail conglomerate.

Steinhoff forced to restate further accounts

Retail conglomerate's accounting irregularities stretch back further than first thought.

Ford: Business as usual

Steinhoff's APAC chief underlines confidence in local arm despite parent's crisis.

Steinhoff’s shares yo-yo as troubles continue

Retail giant battles to balance the books.

Steinhoff reassures market after shares continue to plunge

Retail conglomerate backs CFO of 'no wrongdoing' as investigation continues.

Steinhoff CEO quits, German prosecutors probe

Retail giant shares dramatically plunge following announcements.

Steinhoff to front hearing as dispute drags on

Furniture conglomerate receives petition in course of dispute with former joint venture partner.