Coco Republic is an Australian furniture retail chain. The company is involved in the retail selling of furniture and homewares, providing interior design and property styling services and the management of a design school.[2][3][4] The company also owns and co-operates three hospitality venues under the L'Americano Espresso Bar name.[5]
 | |
 Coco Republic showroom in Karrinyup Shopping Centre with L'Americano cafe | |
| Industry | Furniture |
|---|---|
| Founded | 1979 |
| Founder | Paul Spon-Smith |
Areas served |
|
Key people |
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| Website | cocorepublic.com.au |
History edit
Coco Republic was founded in 1979 by Paul Spon-Smith as Mr. Smith’s Interiors.[6][7][8]
In 2019, Coco Republic entered the US market through Californian retailer HD Buttercup.[9] The company expanded to New Zealand in August 2019, opening its first store at Westfield Newmarket.[10]
In October 2021, private equity firm Story3 Capital Partners acquired a majority stake in the company.[11][12]
Coco Republic opened their first store in the US in October 2022.[13] In May 2023, seven months after its opening, the company announced it would close its Union Square flagship location due to lack of foot traffic and unsafe conditions in the area.[14] In July 2023, Coco Republic launched their US online store.[15]
Locations edit
Coco Republic has 15 showrooms in Australia and New Zealand. They are located at Sydney, Melbourne, Brisbane, Gold Coast, Canberra, Perth, and Auckland.[16]
In the US, the company has showrooms in Los Angeles and Orange County.[17]
Financials edit
In FY19, the company recorded sales of $96,572,629, up 17% from $82,559,248 in FY18 and a 69% improvement in operating income.[18]
Awards edit
The Auckland showroom opened in August 2019 won Supreme Winner, Big Box Group Winner and GDM Craftsmanship Excellence Award at the New Zealand Red Awards for commercial design.[19]
Partnerships edit
The Belle Coco Republic Interior Design Awards, an annual award platform in the Australian interior design community, entered its 10th year in 2020.[20]
References edit
- ^ Chesher, Isabelle (16 September 2018). "The man behind Coco Republic: Anthony Spon-Smith is launching his own design department". Domain. Retrieved 1 September 2020.
- ^ "Australian retailer Coco Republic opening first NZ store in Newmarket". NZ Herald. 27 March 2019. Retrieved 1 September 2020.
- ^ Marshall, Felicity. "Makeover: Coco Republic's collaboration with LA-based Natural Curiosities". Domain. Retrieved 1 September 2020.
- ^ "Coco Republic opens store in Southport on the Gold Coast". Gold Coast Bulletin. Retrieved 1 September 2020.
- ^ Carter, Bridget (1 February 2021). "Coco Republic mulls sale with advisers on board". The Australian. Retrieved 21 February 2024.
- ^ Whiting, Sam. "S.F. Union Square exodus: Major retailer to close less than a year after opening flagship". San Francisco Chronicle. Retrieved 20 February 2024.
- ^ Clayton, Cy (8 October 2021). "Coco Republic opens its doors at Karrinyup". The West Australian. Retrieved 20 February 2024.
- ^ Nicolaus, Fred (13 October 2022). "Coco Republic wants to bring a new flavor to the market". Business of Home. Retrieved 21 February 2024.
- ^ "Coco Republic enters the US". Inside Retail. 28 May 2019. Retrieved 1 September 2020.
- ^ "Westfield Newmarket Opens Today & We Have All The Details". NZ Herald. 28 August 2019. Retrieved 21 February 2024.
- ^ Carter, Bridget (5 October 2021). "Story3 Capital Partners swoops on Coco Republic". The Australian. Retrieved 21 February 2024.
- ^ Barreira, Alex (18 May 2022). "Exclusive: Australian furniture brand inks lease for massive flagship in Union Square". San Francisco Business Times. Retrieved 20 February 2024.
- ^ Lauren, Amanda. "Australian Furniture Brand Coco Republic Opens Up First American Retail Location In San Francisco". Forbes. Retrieved 21 February 2024.
- ^ Shultz, Alex. "After 7 months, Coco Republic's SF flagship announces closure". SFGATE. Retrieved 21 February 2024.
- ^ Singsit, Jangoulun (4 July 2023). "Coco Republic expands in US market with online store". Retail Insight Network. Retrieved 20 February 2024.
- ^ "Store Locator". cocorepublic.com.au. Retrieved 19 December 2021.
- ^ "Our Showrooms". www.cocorepublic.com. Retrieved 21 February 2024.
- ^ "Copy of financial statements and reports" (PDF). Australian Securities & Investments Commission. Retrieved 1 September 2020.
- ^ "2019 | Red Awards". www.redawards.co.nz. Retrieved 1 September 2020.
- ^ "A Melbourne Designer Takes Out a Top Interior Design Award". Broadsheet. Retrieved 1 September 2020.