PLUSH DEAL SEES A

NICK Scali chief executive Anthony Scali believes PlushThink Sofas will greatly broaden his $980m furniture empire’s exposure to the midmarket sofa sector.

There are also plans to roll out as many as 100 new Plush stores in the next few years.

Furniture retailer Nick Scali on Monday announced it had agreed to buy Plush from Greenlit Brands for $103m with the deal to almost double its current portfolio of showrooms across Australia and New Zealand to more than 100.

Mr Scali said the Plush business would be complementary to Nick Scali in terms of products and customers.

“Our markets overlap a bit, I think their demographics are

The 100 per cent sofa-selling retailer Plush-Think Sofas