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Bankers road-test Fantastic Furniture prepare IPO pitches

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A well known face to small cap investors Should Fantastic Furniture hit the ASX boards as planned, small cap fund managers would go into the IPO marketing process with a pretty good understanding of the business. While Fantastic's brand is well known among the general public, small cap investors followed the company closely during its 15-plus year stint on the ASX boards. That listed run only ended in December 2016, when Steinhoff International acquired the business for about $350 million on an enterprise value basis. Since then, Fantastic has been wrapped up in Steinhoff, which has undergone radical restructuring locally. Steinhoff Asia Pacific was separated from its parent, Steinhoff International, and rebadged Greenlit Brands. Greenlit is the combination of Steinhoff Asia Pacific and Fantastic Furniture and includes furniture retailers Fantastic, Plush and Freedom and bed sellers Snooze and Original Mattress Factory. Greenlit reported $49.6 million underlying earnings in the yea...
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Furniture stores backed up due to COVID-19

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© Provided by Wausau-Rhinelander WSAW-TV Pictures of furniture. WAUSAU, Wis. (WSAW) - Furniture sales are at an all-time demand, and furniture stores believe it's because people are spending so much time at home during COVID-19. "The furniture industry in itself is seeing a lot of demand right now. People are out there looking to replace stuff because they're spending so much time in their homes," Furniture and Appliance Mart vice president of marketing Jon Gadbois said. "People have been transferred to working from home, so we see people transitioning rooms into their homes into office space," Nigbur's Fine Furniture general manager Linda Nigbur added. The pandemic that has been keeping people inside their homes is also disrupting furniture orders. "You had a bunch of manufacturing facilities that were impacted by this that were operating at maybe 30-40% of their capacity. Right now we're seeing that come to ...
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Fire prompts merger of two furniture retailers

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Eric Sinclair, left, Mark and Tom Malchow ABERDEEN, S.D. — Following a fire that burned Aberdeen, S.D.-based Malchow's Home Furnishings' location to the ground last October, Montgomery's, a furniture retailer also based in South Dakota, has announced its purchase of the longtime South Dakota retailer and plans to bring members of Malchow's leadership into its leadership team. Combined, the two retailers bring over 200 years of furniture selling experience to the table. "Discussion of joining Montgomery's started after the devastating fire that burned Malchow's to the ground in October 2019," said Mark Malchow, half of the third-generation father/son team behind Malchow's. "We knew from the moment we started talking with Clark and Eric that Montgomery's shared our business philosophies on how to take care of customers and employees, and what it means to be a long-time family- owned business in this state. ...
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This huge Wayfair 4th of July sale will save you tons on furniture appliances and more

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Shop this sale to save. (Photo: Wayfair) — Recommendations are independently chosen by Reviewed's editors. Purchases you make through our links may earn us a commission. The 4th of July is not just for fireworks and barbecues—it's also pretty renowned for all the amazing sales that tend to happen. This year, the festivities got kicked off a little early at Wayfair: From now through July 5, you can get up to 70% off on mattresses, outdoor furniture, appliances and so, so much more.  Need help finding products? Sign up for our weekly newsletter. It's free and you can unsubscribe at any time. There's a lot of discounts going on in this massive holiday sale, so to help you sift through the best products you can grab at the very best prices, we've done the hard work for you, compiling a list of 11 of the most popular deals you can snag. Keep reading to shop our top picks. Major zzz's are in order. (Photo: Wayfair) If you're in the market for a new mattress, the 4...
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Sioux Falls-based Montgomery's acquires Aberdeen furniture store destroyed in fire

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Share This Story!Let friends in your social network know what you are reading about Sioux Falls-based Montgomery's acquires Aberdeen furniture store destroyed in fire Montgomery's is acquiring Malchow's Home Furnishings after the Aberdeen shop was destroyed last year in a fire. Sent! A link has been sent to your friend's email address. Posted! A link has been posted to your Facebook feed. Sioux Falls-based furniture retailer Montgomery's is growing its footprint in South Dakota with the acquisition of another family-owned furniture store. Montgomery's is acquiring Malchow's Home Furnishings after the Aberdeen shop was destroyed last year in a fire. "Discussion of joining Montgomery's started after the devastating fire that burned Malchow's to the ground in October of 2019," co-owner Mark Malchow said in a emailed statement. "We knew from the moment we started talking with Clark and Eric Sinclair that Montgomery's shared our busines...
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Move over Monkey Jesus: Spanish furniture restorer botches restoration of baroque art Immaculate Conception

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A famous painting of the Immaculate Conception by baroque artist Bartolome Esteban Murillo has become the newest in a long line of botched art restorations in Spain. Murillo's painting was reportedly cleaned by a furniture collector for 1,200 euros, according to The Guardian. But despite two efforts to restore the work to its original state, the face of the Virgin Mary is now unrecognisable - causing outrage in the Spanish art conservation community and beyond. "I don't think this guy - or these people - should be referred to as restorers," Fernando Carrera, former president of Spain's Professional Association of Restorers and Conservators told the Guardian. "Let's be honest: They're bodgers who botch things up. They destroy things." Get the latest news and updates emailed straight to your inbox. On social media, the Murillo repair was inevitably compared to other d...
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Durable Sofa Covers to Preserve Your Furniture

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Your sofa is one of the most-used areas in your home, and it certainly shows that as time goes on. Not to mention, it's one of the larger investments you make, so you want it to be comfy and last through a lot of wear and tear. The sofa's material alone can't always ensure it'll stay looking new, so it's a good idea to use a durable sofa cover and protector as a backup. Aside from kids and messy paws, having a sofa protector is a great way to keep wine spills, crumbs, and other common messes off of your couch. After all, it's easier to replace a cheap cover than an expensive, bulky item. Below, we've rounded up the best sofa covers so you can preserve the life of your furniture for years of lounging and fun to come. Our mission at SheKnows is to empower and inspire women, and we only feature products we think you'll love as much as we do. Please note that if you purchase something by clicking on a link within this story, we may receive a small c...
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