Australian-owned Godfrey Hirst questions foreign shareholder benefit in wool scourer appeal

Thu, 15 Sep 2016

By Sophie Boot Sept. 15 (BusinessDesk) - Australian-owned carpet maker Godfrey Hirst is questioning the benefit of foreign shareholders to New Zealand in its bid to prevent the creation of a wool scouring monopoly. Godfrey Hirst is appealing the Commerce Commission's decision last November to allow Cavalier Wool Holdings to acquire New Zealand Wool Service International's wool scouring business and assets, allowing a monopoly on the supply of wool scouring services and the supply of wool grease on the trade-off that there was a broader p...

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