Trisha Shetty (Editor)

Milan Direct

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Type
  
Public

Headquarters
  
Australia

Founder
  
Ruslan Kogan

Parent organization
  
Temple & Webster Pty Ltd.

Industry
  
Online Retail

Products
  
Housewares

Founded
  
2007

Milan Direct

Founders
  
Dean Ramler Ruslan Kogan

Areas served
  
Australia United Kingdom Europe

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Milan Direct was an Australian-based furniture company that is now sold as a private label under the Temple & Webster brand. The company was founded in 2006 and operates primarily through an online marketplace. Milan Direct was bought by online retailer Temple & Webster in 2015 for $20 million, and is traded under TPW on the ASX.

Contents

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Overview

Milan Direct was founded in 2006 by Ruslan Kogan and Dean Ramler. Previously, Kogan had launched an online electronics retail business, and Ramler's family has had a history of furniture design and production. The company sells both modern and retro furniture and uses a direct to consumer distribution method. By 2010, the company had a revenue of $5.3 million and was named to the BRW Fast Starters list. In 2011, Milan Direct generated $6.7 million in revenue and $12.6 million in 2012.

In November 2015, Temple & Webster acquired Milan Direct ahead of its IPO. In 2016, Milan Direct opened its first brick and mortar retail location in Richmond, Victoria. In December 2016, Temple & Webster absorbed Milan Direct, shut down its website and began selling its products from the Temple & Webster website as a private collection.

References

Milan Direct Wikipedia