Guthrie Bowron
Guthrie Bowron is a franchise of New Zealand home improvement stores established in 1896.[1][2] It sells a range of home decorating supplies, including paint, wallpaper, flooring, curtains and blinds.[1] There are 51 Guthrie Bowron stores around New Zealand, including five in Auckland.[1] HistoryPrivate company (1896-1963)The Guthrie Brown company was established in 1896 in Dunedin man Henry Guthrie. George Bowron later came on as a business partner, and the pair travelled around the South Island selling a range of products.[3] In the mid-1920s, the company started importing what were the base ingredients for paint at the time: lacquer, varnish, lead and linseed oil.[3] In 1932, the company became an agent for Dulux Paints; it opened a wallpaper store in Christchurch a short time later.[3] Public company (1963-1971)Guthrie Bowron became a publicly listed company in 1963.[3] By 1969, it had 18 branches around the country selling a range of paint and wallpaper.[3] Dulux Paints ownership (1971-1992)In 1971, Guthrie Bowron was purchased by ICI NZ, the owner and manufacturer of Dulux Paints.[3] The Masterton franchisee opened in 1973.[2] The Waitara, Taranaki store opened as Bedfords Colour Centre about the same time, before becoming a Guthrie Bowron store 49 years later.[4] In 1985, the brand had 34 outlets.[3] Management ownership (1992-2005)A group of senior managers took over the company in 1992.[3] There were 50 Guthrie Bowron stores in 1999.[5] Waterman Capital (2005-2014)Private equity firm Waterman Private Capital acquired the paint store brand in May 2005.[6][7] It relaunched the brand to incorporate other forms of home decorating, such as curtains, blinds and flooring.[8] The franchise otherwise continued as normal.[9] Guthrie Bowron recorded an 8% increase in wallpaper sales between 2011 and 2012, and a 18% increase between 2012 and 2013. The company said wallpaper was becoming a fashion item, and many home decorators were using it to create a feature wall rather than using throughout the entire room.[10] Waterman trialed a new format in 2012, with a flagship company store at Sylvia Park in Mount Wellington, Auckland.[11] Management ownership (2014-)Waterman sold Guthrie Bowron through another management buy-out in 2014.[8][11] In 2015, many franchises had been operating for two decades and the business model was profitable.[2] In 2016, Guthrie Bowron had 42 stores.[12] In February 2017, some franchisors told the National Business Review they were concerned about the recent closures of new format stores in Sylvia Park, Silverdale, Auckland and Christchurch.[11] A unspecified number of franchisors called for greater mandatory disclosure provisions.[13] Guthrie Bowron stores were required to close during the start of the COVID-19 pandemic in New Zealand in 2020. The Timaru store reported being very busy when it reopened in late April.[14] The store in Te Awamutu reported being "busy as" as in July, despite the local Bunnings and Warehouse Stationery stores closing due to falling revenue.[15] Global supply chain shortages affected Guthrie Bowron stores in 2021, including manufacturers not being able to source raw materials.[16] Guthrie Bowron came second to Resene in the painting and home decorating category of the Reader's Digest customer service survey in 2021.[17] It ranked first in the home furnishing category of the Canstar Blue customer satisfaction award in 2021;[18] it came seventh in the same category in 2022.[19] SponsorshipsGuthrie Bowron stores have sponsored several public projects, including:
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