Icebreaker inks $100M 10-year supply contract for NZ merino wool

Thu, 09 Nov 2017

By Tina Morrison Nov. 10 (BusinessDesk) - Merino outdoor clothing company Icebreaker has signed the longest ever supply contract with growers of New Zealand merino wool, worth $100 million over 10 years. The Auckland-based company, which announced this week that it is being bought by US-based VF Corporation, has inked agreements with New Zealand woolgrowers in collaboration with wool marketer The New Zealand Merino Company to ensure it has long-term supply of the fibre. Pricing will be at a premium to market prices to recognise long-term...

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