The One (company)
The One Total Home Experience, stylized as THE One, is a furniture retail company founded by Swedish entrepreneur and philanthropist Thomas Lundgren. Today, The One has a total of 33 stores and 1 Bistro Restaurant across the Middle East and North Africa, with a total staff complement of over 560.
Type | Private |
---|---|
Genre | Retail |
Founded | 1996 |
Founders | Thomas Lundgren, Shakir Abal and Rashed Al Mazrouei |
Headquarters | |
Area served | Middle East |
Key people | Thomas Lundgren (CEO) |
Products | Furniture Accessories Homeware Cookware Music Books |
Services | Restaurants Home Styling Delivery and Assembly Wedding and Gift Registry |
Number of employees | 500 |
Website | theone |
History
The One store opened in Abu Dhabi, United Arab Emirates, in 1996. In an interview with Arabian Business magazine, Lundgren says he was inspired by a dream he had in 1993, in which an angel came to him with a mission to save the world from IKEA.[1]
In 2006, The One celebrated its 10th anniversary by being the sole sponsor of Robbie Williams’ Dubai concert, while also decorating Robbie’s backstage rooms at the Nad Al Sheba venue.[2][3]
In April 2007, The One was named one of the GCC’s 50 Most Admired Companies by Arabian Business magazine.[4] In 2011, The One launched its Fusion brand, which competes with high-end furniture retailers. In 2012, The One Junior launched and offers children’s furniture.
The One aims to operate 99 stores by 2020.[5]
Concept
According to CEO, Thomas Lundgren, The One's creative concept is to be magical and meaningful and "mass market, but to be prestigious with affordable prices".[6] Lundgren claims to sell feelings rather than commodities and calls The One stores "theatres", where seasonal home fashion shows are staged.[7][8] Each "theatre" set up by a team of decorators. The larger stores are furniture-driven with accessories complementing it and the smaller stores, or "Boutique Theatres", are accessory-driven with furniture incorporated to enhance the accessories.[9]
Many stores include in-store restaurants.[10]
References
- "The Crazy One". ArabianBusiness.com. Retrieved 2018-05-30.
- 7Days: Get tickets tomorrow
- 7Days: 2500 More Robbie Tickets
- Arabian Business.com: Revealed: Gulf's most admired companies
- Gulf News: The audacity of thinking big
- "Business 24 Financial, Cryptocurrency and Investment News". www.business24-7.ae. Retrieved 2018-05-30.
- Arabian Business.com: Funky Business
- The National.com: 'I wanted to sell feelings'
- The National.com: Where home is a feeling
- The National.com: One up-market organic spread in Dubai