The AFA was saddened to hear that an Adelaide furniture business that traces its history back to 1861 will close its doors for the final time in six months.
Le Cornu was originally founded as a cabinet making business in Adelaide in 1861 and since 2008, has been part of the stable of furniture brands owned
by listed retail group Fantastic Holdings, along with Fantastic Furniture and Plush.
Fantastic Holdings informed the market yesterday it will close the Le Cornu store in Keswick in Adelaide over the next six months.The company said the
Keswick site, which it leases, has been for sale since the end of last year and “likely disruption” caused to the business as a result of potential
redevelopment of the site was a factor in the decision to close the business. The Le Cornu store currently employs 95 people and Fantastic Holdings
said in a statement it hopes to redeploy 25 of those employees.