Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Precious Peg Signs Exclusive Online Deal with Karen Walker

FOR IMMEDIATE RELEASE

Precious Peg Signs Exclusive Online Deal with Karen Walker

August 7 2013: Two-and-a half-years after launching their luxury online fashion retail business, Precious Peg, young Queenstown entrepreneurs Lani Arnott and Sonia Ross are celebrating a significant milestone with the signing of an exclusive deal with prominent international fashion designer Karen Walker.

The appointment as the exclusive online-only Karen Walker stockist in New Zealand is an exciting development for the company following on from recent financial backing by private investment bank NZ Think.

“We have had a very busy year and our overall development has been much more rapid than we planned,” says CEO Lani Arnott. “We have quickly become New Zealand’s leading online fashion store and our partnership agreement with Karen Walker, establishing us as the exclusive solely online retailer of the label, is proof that we are definitely on the right track.”

Karen Walker says her company is “thrilled to be working with Precious Peg. As the exclusive online-only stockist of Karen Walker in New Zealand they are great supporters of our apparel, eyewear and jewellery lines”.

Arnott says Precious Peg has enormous potential for further growth.

“The investment by NZ Think provides us with important financial support as well as strategic growth assistance which will help us push further into international markets. While we are very serious about this we are also having a lot of fun building a business which promotes beautiful clothing for women both in New Zealand and around the world.”
“It’s a bit of a dream come true to create a business out of something we are both so passionate about,” says Arnott who has recently relinquished her job as a lawyer to work fulltime at the helm of Precious Peg.

“Sonia, who is our creative director, and I are both obsessive about fashion and we are continually looking to meet the demands of our discerning clientele. It is significant for us to have the recognition of a distinguished brand such as Karen Walker and it sends an important signal that we are involved in this venture for the long haul.”

ends


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: NZ Dollar Catches Breath After "Goldilocks" Slump

The New Zealand dollar edged up following its dramatic slump yesterday after the Reserve Bank confirmed speculation it intervened in the currency market last month and PM John Key suggested a “Goldilocks” level far lower than at present. More>>

ALSO:

Biosecurity: Kiwifruit Claim To Hold Officials Accountable For Psa

Kiwifruit growers have joined forces to hold Biosecurity NZ accountable in the courts for its negligence in allowing 2010’s Psa outbreak that devastated New Zealand’s kiwifruit industry and exports. Foundation claimants representing well ... More>>

ALSO:

Poison: Anglers Advised Not To Eat Trout In 1080 Areas

With the fishing season opening in just a few days (1 October 2014), anglers are being warned by the Department of Conservation(DOC) not to eat trout from pristine backcountry waters and their downstream catchments, where the department is conducting 1080 poisoning operations. More>>.

ALSO:

Quotas: MPI Swoop On Suspected Fraudulent Fishing Activity

Ministry for Primary Industries (MPI) compliance officers swooped on a Hawkes Bay fishing enterprise today to secure evidence in an investigation into suspected fraudulent activity... “The investigation involves activity throughout the commercial supply chain – catching, landing, processing and exporting.” More>>

ALSO:

Scoop Business: Fonterra Slashes 2015 Milk Payout, Earnings Tumble 76%

Fonterra Cooperative Group cut its forecast 2015 milk price payout by about 12 percent, citing weaker global dairy prices and said there is a risk of further declines given strong global milk production. More>>

ALSO:

Scoop Business: RBNZ Keeps OCR At 3.5%, Signals Slower Pace Of Future Hikes

Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar fell to a seven-month low. More>>

ALSO:

Weather: Dry Spells Take Hold In South Island

Many areas in the South Island are tracking towards record dry spells as relatively warm, dry weather that began in mid-August continues... for some South Island places, the current period of fine weather is quite rare. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news