Godfrey Hirst loses bid to halt Cavalier's domination of NZ wool scouring

Wed, 30 Nov 2016

By Jonathan Underhill Nov. 30 (BusinessDesk) - Australian-owned carpet maker Godfrey Hirst has lost a bid to overturn plans backed by rival Cavalier Corp to create a monopoly in New Zealand wool scouring. The Court of Appeal has dismissed Godfrey Hirst’s appeal against earlier decisions by the Commerce Commission and the High Court to allow the merger of the wool scouring operations of New Zealand Wool Services International and Cavalier’s 50%-owned Cavalier Wool Holdings. The regulator had allowed the merger of the nation's wool scour...

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