Bremworth to assess potential offers for the business

(Image: NZME)

Mon, 17 Feb 2025

New Zealand Exchange-listed wool carpet manufacturer Bremworth will carry out a strategic review of its ownership structure.The decision follows the finalisation of Bremworth’s insurance settlement for Cyclone Gabrielle's damage to its Napier facility and recent approaches from parties expressing an interest in Bremworth.“The board considers that undertaking a formal process to assess potential offers for the business is in the best interests of shareholders,” it said.The review is expected to take several months, and ther...

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