Undervalued and overlooked: Bremworth and Restaurant Brands show NZX’s valuation gap

The owner of KFC in NZ wants off the NZX, and a potential stitch-up could see Bremworth gone too. (Image: Supplied/Jacques Steenkamp)

Riley Kennedy

Fri, 03 Oct 2025

Rebecca Stevenson

Fri, 03 Oct 2025

The NZX looks likely to lose another heavily discounted stock as investors see value in businesses local shareholders do not. Carpet and rug manufacturer Bremworth has stitched up a deal with the owner of its rival, Godfrey Hirst, to take it private. It comes less than a week after Restaurant Brands’ majority owner lobbed in a bid to gobble up the 25% of the shares it didn’t already own and delist the business. A spokesperson for the NZX said both losses were disappointing; however, they said the Bremworth proposal wa...

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