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Zanui Enters Voluntary Administration

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By Published On: October 31, 20190 Comments

Zanui, the Australian online furniture and homeware store is entering administration. The marketplace has appointed KPMG as the administrator after documents were filed with Australian Securities & Investments Commission. 

The online marketplace is known for its homewares and furniture and stood up against competition such as Temple & Webster. The retailer is searching for a buyer and has confidence that they will find someone of interest.

“It’s early days in the administration process but I confidently anticipate that we will be seeking urgent expressions of interest from parties to acquire the business,” explained Gayle Dickerson in a statement, one of the partners in the administration. Other partners include Phil Quinlan and Morgan Kelly.

Zanui as established in 2011 in Australia by Yosuke Hall. The brand originally sold electronics under the name Cornermill but changed to Zanui after voting on names made by a name generator. As the brand became established, it pivoted into the homewares and furniture categories.

Yosuke Hall via ESV Group

Aside from the marketplace, Zanui also has involvement with Rocket Internet SE, ‘the world’s largest online start-up incubator’. The Berlin-based company includes involvement from brands including The Iconic and HelloFresh. There has been no statement made from Zanui at the time of publication, however, the retailer is currently ‘unable to process any orders, returns, credits or refunds’.

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About the Author: Power Retail

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