Johnny’s Furniture Group trading as Ashley Homestores & Johnny’s Furniture - Voluntary Administration

Johnny’s Furniture Group trading as Ashley Homestores & Johnny’s Furniture, a national furniture retailer with eight stores across NSW, QLD and Victoria, entered voluntary administration on 5 June.

Shumit Banerjee of Westburn Advisory, who was appointed voluntary administrator, said that his preliminary investigations indicated that the decision to place the company into voluntary administration was precipitated by a significant decline in revenue during the 2024 financial year.

The business is reportedly continuing to trade in a limited capacity, but news of the voluntary administration has enraged customers who suspected the retailer was in trouble after waiting months for products with no explanation.