Cavalier announces strategic collaboration with NZ Merino Company

Fri, 23 Aug 2019

By Rebecca Howard Aug. 23 (BusinessDesk) - Cavalier Corp announced a "collaboration" with the New Zealand Merino company as it looks to cash in on a growing consumer trend toward natural fibres and away from synthetics. Yesterday its shares tumbled after it said it will write-down or impair the value of goodwill and various plant and equipment by as much as $9 million and was in discussions "with a respected industry participant regarding a collaboration that will build on Cavalier’s capabilities and make a transformative change into a d...

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