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Correction Regarding Funding For Fashion Week

26 October 2005

Important Correction Regarding Funding For Air New Zealand Fashion Week.

Recent media coverage has incorrectly reported government support for New Zealand Fashion Week as being $750,000 in year one (2001) when in fact the actual amount was $75,000 from Trade NZ and $100,000 from Industry NZ, now combined as New Zealand Trade and Enterprise.

The ramifications of this typographical error are potentially far reaching in terms of NZ Fashion Week Ltd’s future relationships with sponsors and strategic partners, including the government.

We appreciate such errors are commonplace but ask that this correction be filed in your archives or reference library in the Fashion Week file in a bid to prevent wider publication of this erroneous figure.

To clarify;

When Managing Director, Pieter Stewart launched New Zealand Fashion Week in 2001, she received a government grant of $75,000 from Trade NZ and $100,000 from Industry NZ . The now combined government agency, New Zealand Trade and Enterprise contributed $150,000 funding for the event in 2005.

The total cost of the event in 2005 was in excess of $2.8 million with the bulk of funding from the private sector including naming rights sponsor, Air New Zealand and a core group of elite and support sponsors whose continued and generous support is vital to the success and longevity of the event.

ENDS


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