Friday, 8 November 2019 – Popular online furniture retailer, Zanui has secured its future by partnering with lifestyle wholesaler Marlin Brands, majority owned by funds managed by global investors Oaktree Capital Management L.P. and Alceon Group. Zanui is now reinvigorated and recapitalised to satisfy its objective of becoming the preferred online shopping experience for its customers.
As an immediate priority, Zanui is in the process of connecting with a small number of customers with unfilled orders to arrange for the expedient satisfaction of its commitments. Zanui gift cards will allow holders to continue to shop online.
Zanui CEO Yosuke Hall said the partnership represented a new beginning for the Zanui online retail platform and the best possible outcome for Zanui customers, employees and suppliers.
“Partnering with Marlin and its global owners enables us to assure our customers that they can continue to trade on the Zanui platform and have every confidence in the financial stability, service experience and quality of the products we trade,” Mr Hall said.
“This partnership provides Zanui with the backing and commitment to take its customer offering to the next level. We are dedicated to making our customers feel like they are getting the absolute best online experience possible, from product range through to delivery,” he said.
Mr Hall said Zanui is well positioned in the rapidly growing online homewares category with significant organic growth prospects.
Marlin Brands CEO, Malcolm Bundey, said that Marlin was attracted to Zanui because its quality retail service offering resonates strongly with customers and suppliers alike.
“This is a fantastic opportunity to capitalise on what has been an incredible journey for Zanui which has seen it become a market leader in the fast growing online homewares sector. We are extremely excited by the opportunity in front of Zanui, but at this point, Zanui’s customers are our absolute focus, so we are busy looking to fulfil the outstanding customer orders and returns that have built up over the last week.”
About Marlin Brands
Marlin Brands has a portfolio of predominantly owned brands that are #1 or #2 in each of their respective segments, across the Homeware, Kitchenware, Giftware and Petrol & Convenience channels. The Company serves more than 18,000 retailers throughout Australia and New Zealand. Key Marlin-owned brands include Décor, Willow, Rogue, Amalfi, IS GiftWalk’N’Talk Black Ice and Aerial.
Marlin Brands is majority owned by funds managed by Oaktree Capital Management, L.P. and Alceon Group, two large fund managers with an established track record of private equity investments in the consumer retail sector.
Zanui is Australia's online destination for furniture and homewares. We provide consumers with stylish new products for home, inspiration and ideas for home decoration and unmatched customer service. At Zanui, we are committed to offering the highest quality products, the widest product range in Australia and a formidable selection of brands that will transform your home.