Company
History

Temple & Webster was founded in 2011 by Group CEO Mark Coulter, Group CXO Adam McWhinney, NED Conrad Yiu, and ex-CEO Brian Shanahan, all former colleagues and senior executives at eBay Australia and Newscorp Australia's digital division.

The Group was named after William Temple (a carpenter) and John Webster (a carver and gilder), two local artisans commissioned by Governor Lachlan Macquarie to make two large ornamental chairs in 1820. Perhaps without realising it at the time, Temple & Webster were among Australia's first fine furniture designers. They were craftsmen who collaborated to create something unique and enduring (the chairs have survived to this day) and are the earliest known examples of the "Colonial Gothic" style.

Temple & Webster's Australian heritage, their teamwork, attention to detail and desire to build something to last were attributes that inspired the co-founders, and is the motivation behind the Temple & Webster brand.

The Temple & Webster online platform launched in October 2011 and has established itself as the largest online retailer in the furniture and homewares category. In June 2012, Macquarie Capital became a substantial investor and shareholder of Temple & Webster to accelerate growth.

In July 2015, Temple & Webster Group acquired the Australian operations and subsidiary of Wayfair Inc. (NYSE: W), one of the world's leading online-only furniture and homewares retailers. In October 2015, Temple & Webster Group entered into an agreement to acquire Milan Direct subject to Completion of the Offer. Also in October 2015, Temple & Webster relaunched Wayfair Australia as ZIZO.com.au.

In December 2015, Temple & Webster Group listed on the Australian Securities Exchange as TPW (the Offer).

In April 2016, the decision was made to retire ZIZO and merge all operations under the Temple & Webster brand using ZIZO/Wayfair's sophisticated technology platform, operating on an innovative drop-ship model. This resulted in Temple & Webster moving from a closed, members-only website to become Australia's largest online retailer of furniture and homewares, with an open website carrying 130,000+ products.

In October 2016, Temple & Webster co-founder Mark Coulter was announced as CEO, following a period as interim CEO (after the April 2016 resignation of previous CEO and co-founder Brian Shanahan).

In December 2016, the Milan Direct online furniture store was integrated into the Temple & Webster platform as part of the Company's revised business plan and vision. Milan Direct is now TPW's private label furniture brand, continuing its product supply and inventory operations led by founder Dean Ramler. The move consolidates Temple & Webster's position as the dominant brand in the online furniture and homewares category.

See also the WikipediaOpens in new window entry for Temple & Webster.

Timeline

OCT 2011
Temple & Webster's online platform is launched as a members-only shopping site focused exclusively on furniture and homewares by Brian Shanahan, Adam McWhinney, Conrad Yiu and Mark Coulter.

JUN 2012
Macquarie Capital became a substantial investor.

SEP 2012
Key Milestone of 100,000 members.

MAR 2013
Key Milestone of 250,000 members.

OCT 2013
Key Milestone of 500,000 members.

NOV 2013
Completed Temple & Webster’s first TV integration with The Living Room.
Awarded a Rising Star Award in the Deloitte’s Fast 50.

FEB 2014
Ranked Australia’s #1 online homewares retailer and #40 in PowerRetail’s Australian Top 100 online retailers rankings.

JAN 2015
Key Milestone of 1,000,000 members.

JUL 2015
Acquired the Australian subsidiary of Wayfair Inc.

SEP 2015
Rebranded and relaunched Wayfair Australia as ZIZO.com.au.

OCT 2015
Entered into agreements to acquire Milan Direct conditional on Completion of the Offer.

DEC 2015
Listed on the Australian Securities Exchange as Temple & Webster Group (TPW).

APR 2016
ZIZO brand retired and all operations merged under the Temple & Webster brand. Temple & Webster moves to an open e-commerce platform using a drop-ship model, becoming Australia’s largest online retailer of furniture and homewares.

OCT 2016
Temple & Webster co-founder Mark Coulter appointed CEO and Mark Tayler appointed CFO.

DEC 2016
Milan Direct operations consolidated, with e-commerce platform closing and MD continuing as a private label furniture brand within Temple & Webster.