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Issue link: http://digital.canadawide.com/i/1505828
A fter more than a decade in operation, Rove Concepts' exponential growth isn't exactly an overnight success—until you consider that its growth from $17M US annually shot up to more than ten times that in just under five years. How'd they do it, especially since two of those years were overtaken by a pandemic and economic turmoil? Like any great story, it all began with an idea. FOUNDING ROVE Long before Rove Concepts opened its doors in 2011, co-founder Art Lee's grandfather had an excellent idea: bring high-end, luxury furniture design to the masses. Lee, along with Brendan Burscough and Victor Tam, ran with the idea before adapting it into a modern e-commerce, tech-enabled platform—a move that would rocket the original concept into a highly successful enterprise. The business hummed along, with Lee in the Chief Financial Officer/Chief Operating Officer positions, Burscough as Chief Technology Officer, and Tam as Chief Marketing Officer. The company ran without a CEO until 2018 when Lee took the helm and Tam moved on to different ventures. During Rove Concepts' formative years, Tam made significant contributions to the company's growth, and efforts were vital in laying the groundwork for the company's initial success. As the brand Rove Concepts reached new heights and expanded into new terri- tories, the demand for long-term, strategic thinking became paramount, and Tam left the business for other start-up ventures better suited to his passions and skillset. "By embracing the dynamic nature of the business landscape, Rove Concepts not only allowed for personal growth but also ROVE CONCEPTS: Local Passion, Leadership and Success How hard work, integrity, a solid team, and forward-thinking leadership increased one luxury furniture brand's annual revenue tenfold in five years sponsored report