Freedom Furniture bought by Australian competitor Amart: Media reports

Freedom Furniture bought by Australian competitor Amart: Media reports
Freedom Furniture opened a new store in Whangarei in February. (Image: Denise Piper)
Gregor Thompson
Freedom Furniture has been snapped up by competing retailer Amart, according to media reports.The Australian Financial Review (AFR) reported on Monday that Amart, which Quadrant Private Equity backs, intends to grow Freedom Furniture’s footprint from 60 stores in Australasia to between 80 and 100.Freedom was sold by Greenlit Brands, an Australian subsidiary of Dutch-registered company Ibex Topco B.V., formerly known as Steinhoff International. According to its website, Freedom has 13 stores in New Zealand.“Our intent is to keep thes...