StretchSense sold to mystery Kiwi owners

Mon, 30 Sep 2019

By Victoria Young Oct. 1 (BusinessDesk) - Futuristic textile company StretchSense has been sold to a new Kiwi owner, the firm’s administrators say. In July the shareholders of the company, which makes the futuristic ZoZo suit, appointed Baker Tilly Staples Rodway’s Tony Maginness and Kevin Pitfield as administrators. Maginness says an unconditional agreement to sell the business has been signed and the new owner will take over next week. The administrator would not be drawn on who bought the company or how much was paid, saying...

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