Allegro Acquires Fantastic Furniture, Marking Sixth Investment for Fund IV

Fantastic Furniture is a leading Australian value furniture retailer with a national network of 85 stores and four distribution centres, employing more than 1,000 people. The business has a deep Australian heritage spanning over 35 years, a market-leading brand in the value furniture segment, and a large customer base served through a leading omni-channel platform.

The furniture retail market has a strong long-term outlook supported by attractive fundamentals including population growth, net migration and new housing construction. Allegro sees significant potential in Fantastic Furniture's market-leading value positioning and its established omni-channel platform to capitalise on these tailwinds.

Allegro has a clear track record of partnering to transform value retail brands. Its investment in Best & Less Group, another leading Australian value retailer acquired from Greenlit Brands in 2019, saw the business transitioned, turned around and repositioned for growth, ultimately listing on the ASX.

This acquisition reflects Allegro's ongoing commitment to partnering with businesses that have strong foundations and clear potential, and to the active transformation that unlocks it.