Ladore Signature Sdn Bhd
Ladore Signature is a Malaysian furniture retailer dedicated to providing high-quality, eco-friendly, and affordable furniture. We pioneered the Rent-to-Own (RTO) program in Malaysia, making premium furniture accessible to all. With our focus on ESG principles, we're creating a positive impact on both the community and the environment, reflected in our use of eco-friendly materials, including super-low formaldehyde content, ensuring our products meet the highest safety and health standards.
👍 Experienced management team with 50+ years accumulated experience in furniture sector
👍 Committed to sustainable, eco-friendly furniture production with low formaldehyde levels
👍 Affordable, stylish and modern furniture options
👍 Dividend payout of 8% to 12% per annum
Introduction
Ladore Signature is a leading furniture retailer in Malaysia specializing in sustainable, high-quality furniture solutions. We are the first in Malaysia to introduce the (Rent-to-Own) RTO program, making premium furniture accessible to students, young professionals, young families and low-income communities.
Our innovative approach aligns with ESG (Environmental, Social, and Governance) initiatives, using eco-friendly materials with ultra-low formaldehyde emissions to ensure safe and healthy living environments.
How can formaldehyde affect our health?
Through a combination of manufacturing excellence, sustainability focus and customer-centric financing solutions, we aim to redefine the furniture industry.
This initiative demonstrates our dedication to combining environmental responsibility with social impact, making quality, sustainable furniture accessible through our innovative RTO program while ensuring the health and well-being of our customers and communities.
What We Do
The Challenge
Our Solution
Why Are We Different
Ladore Signature stands out through our dual commitment to affordability and sustainability. We are one of the first company in Malaysia to integrate the RTO program with sustainable furniture production. Our eco-friendly materials, coupled with the flexibility of RTO, create a unique value proposition that appeals to cost-conscious consumers who also care about environmental impact. Moreover, our ESG-focused approach not only contributes to a safer living environment but also aligns with the growing demand for responsible business practices.
Our Revenue Model
Ladore Signature Sdn. Bhd. employs a diversified revenue model designed to generate steady and scalable income streams. Our primary revenue channels include:
This diversified model ensures sustained growth and profitability while reinforcing Ladore Signature’s position as an industry leader in both product quality and financial flexibility.
Our Market Opportunity
Resource: National Property Information Centre Data
The demand for affordable, sustainable furniture is growing exponentially, driven by increasing environmental awareness and the need for flexible payment options. Malaysia's urbanization, coupled with a young population, creates a strong market for flexible financing in the furniture industry.
Our RTO model is perfectly positioned to tap into this underserved market, especially among students, young professionals, and low- to middle-income families. With sustainability becoming a key consumer decision factor, our eco-friendly approach provides a significant competitive advantage.
Our Strategy
We aim to scale our business by expanding our RTO program to new regions while continually innovating our product line with sustainable materials. Our strategy includes:
By increasing awareness of our sustainable offerings and expanding distribution channels, we intend to capture a significant market share in both residential and commercial sectors. Currently we have covered these areas:
Our Achievements
In August 2024, Ladore Signature has won the MINDA 2024 Industry Excellence Award for Excellence In Manufacture Of Furniture, recognizing our innovative approach to furniture manufacturing and sustainability. We have successfully launched our RTO program in January 2024, which has been well-received various communities across Malaysia.
Additionally, our use of super-low formaldehyde materials demonstrates our commitment to health and safety, positioning us as leaders in eco-friendly furniture manufacturing.
Financial Forecast
Indicative Usage of Funds
The Team
Sam Liew | Chief Executive Officer
Sam Liew a Malaysian age 53 has 20 years of experience in production management, research and development (R&D), and resource optimization. He started his first furniture factory, One Blue Sky Furniture at Sungai Buloh in 2004 and successfully managed it until 2020, specializing in high-quality sofa and furniture manufacturing. His extensive industry knowledge and hands-on experience have been key in driving product innovation and business growth.
Experience
- Chief Executive Officer, Addcap Holding Sdn. Bhd. (2020 - Present)
- Chief Executive Officer, Ladore Signature Sdn, Bhd. (2020 - Present)
- Chief Executive Officer, Suifour Furniture Sdn, Bhd. (2020 - Present)
- Founder of One Blue Sky Furniture Sdn. Bhd.
Tan Suew Kok | Co-Founder and Chief Operating Officer
Tan Suew Kok, a Malaysian age 54 is a seasoned furniture industry executive with 20 years of experience, currently serving as COO at Ladore Signature Sdn. Bhd. He began his career in 2004 as a specialist in furniture painting. Through dedication and mentorship from Sam Liew, he expanded his expertise on spans sofa production, purchasing, international furniture importing, and trade mission participation. Proven track record in managing large-scale operations, including overseeing the production of over 10,000 sofas annually.
Experience
- Chief Operating Officer, Ladore Signature Sdn. Bhd (2020 - Present)
- Chief Operating Officer, Suifour Furniture Sdn. Bhd (2020 - Present)
Kun Chi Jun | Business Development Director
Kun Chi Jun or Kun, a Malaysian age 36 is a dedicated and results-driven professional skilled in molecular biology and genetic engineering, with hands-on experience in laboratory techniques and data analytics. He is a dynamic professional with over 10 years of experience in the furniture industry including 7 years as a successful entrepreneur.
Experience
- Business Development, Ladore Signature Sdn. Bhd (2023 - Present)
- Director, 360 Degree Furniture Sdn. Bhd. (2017 - Present)
- Senior Sale Representative, Goodnite Sdn. Bhd. (2015 - 2017)
- Business Development Manager, Wescourt Furniture Sdn. Bhd. (2014 - 2015)
- Senior Sales Representative, Merck Sdn. Bhd. (2012 - 2013)
- Business Development Executive, NHK Bioscience Solutions Sdn. Bhd. (2010 - 2011)
Education
- B.Sc. (Hons.) Biotechnology, UCSI University, Kuala Lumpur (2006 - 2010)
Chung Han Bung | Strategy Officer
Chung Han Bon or Ray is a Malaysian age 45, is experienced in overseeing the overall business strategy, financial projections, business model strategy, market analysis and marketing strategies. He works closely with the CEO and other executives focusing on growth initiatives, improving operational processes, and ensuring alignment with the company’s objectives, particularly in sustainability and customer satisfaction.
Experience
- Strategy Officer, Ladore Signature Sdn. Bhd. (2023 - Present)
- Chief Strategy Officer, Premium Bereavement Care Sdn Bhd (2022 - Present)
- Representative of a China Crypto Company assisting in marketing, and strategies planning, operation planning, asset management, legal advice, community engagement, and IT development in various countries, including Thailand and Vietnam. (2020 - 2022)
- International Market Representative & Advisor to US OTC companies in China (2018 - 2022)
- Co-founded Proptech company (2015 - 2018)
- Join partner with venture property (2013 - 2015)
Education
- Bachelor of Arts (Hons) in Finance, University of Hertfordshire
- Diploma in Estate Management, Imperia Institution of Technology
Tan Cheoh Sim | Operation Manager
Tan Cheoh Sim or better known as Nikki, a Malaysian age 56 is experienced in retail operations and marketing professional with extensive experience in managing departmental stores and running a sole proprietorship. She also skilled in establishing company policies, managing vendor relationships and evaluating performance metrices. Besides that, Nikki known for strong communication and interpersonal skills, problem solving abilities and a positive independent attitude.
Experience
- Operation Manager, Ladore Signature Sdn Bhd (2023 - Present)
- Sole Proprietor, Pretty Orange Enterprise (2001 - 2007)
- Operation / Marketing Executive, Mun Loong Hankyu Sdn. Bhd. (1989 - 1997)
- Operation Supervisor, Hankyu Jaya Sdn. Bhd. (1984 - 1989)
Term Sheet
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