FANTASTIC HOLDINGS LTD.

Fantastic Holdings Limited (FHL) is a Australian furniture retailer and manufacturer. FHL operates over 126 stores across four furniture retail chains including, national retailers Fantastic Furniture, Plush and Le Cornu in South Australia and the Northern Territory and the Original Mattress Factory in NSW and ACT. FHL is also Australia's largest sofa manufacturer, has one of the country's leading mattress manufacturers and operates a national supply chain to service all FHL's retail brands. ... In 1992, the Fantastic Lounge Factory was opened and commenced production of quality value for money lounges for the Fantastic Furniture stores. The Fantastic Metal Factory was opened in 1995 and began producing sturdy metal furniture at competitive prices. As a result of successful advertising and innovative product development, the Fantastic Furniture business grew rapidly over this time. Unfortunately the growth was so rapid that the organisation's structure and systems were unable to keep up and in early 1996 the business went into Administration. The business was subsequently acquired by Peter Brennan, Peter Draper and Julian Tertini. The latter part of 1996 was a period of restructure and consolidation with the aim of building a solid foundation to support the eventual expansion of the Fantastic Furniture brand concept - Australia's best value furniture. Over the next few years, the Company embarked on a sustainable growth plan, opening a number of new stores across NSW as well as establishing a separate import and distribution division.More