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

 

Cavalier Agrees Strategic Collaboration

Cavalier Corporation Limited (NZX:CAV) has today announced a collaboration with The New Zealand Merino Company (NZM) as Cavalier looks to develop and implement a transformative and design led business model focused on connecting consumers with Cavalier’s wool product.

Iconic New Zealand brand Cavalier has more than 50 years of history and in-depth knowledge of the carpet sector and considers natural wool the optimal choice for carpet design, innovation and overall performance. In addition to this, consumers around the world are becoming increasingly environmentally aware and wool is well positioned to capitalise on this movement.

To optimise this opportunity, Cavalier has appointed NZM to assist the company shift to a design led business that is fit for the next 50 years. The core objective being to enhance Cavalier’s commercial performance and deliver long term sustainable returns for shareholders.

NZM has a 20 year track record in transforming New Zealand’s sheep industry from producing commodities to partnering with and supporting the growth of premium brands globally. It has extensive sales, marketing and innovation expertise, applied through its ZQ ethical wool brand and has worked closely with leading brand partners including Icebreaker, Smartwool, Loro Piana, Reda and Allbirds.

CEO of Cavalier, Paul Alston, said: “We are at a pivotal moment in our company’s history. The quality and craftsmanship of our wool carpets is undeniable and is recognised by customers around the world. Together with NZM, we will be looking to revitalise the demand for wool carpets as a natural, more sustainable, healthier alternative to synthetic fibres, further delivering to our ‘world of difference’ vision.”

CEO of NZM, John Brakenridge, commented: “The tipping point we’ve seen in apparel with consumers embracing new categories of natural products is a strong signal of broader behaviour change. We applaud Cavalier’s leadership in making moves to connect consumers with natural products in a more meaningful way and look forward to building on the strong platform established by Cavalier to add further value to the New Zealand wool sector.”

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Air New Zealand: Flying Year-round To Popular Queensland Destinations

Air New Zealand is moving to year-round direct flights on its Auckland-Cairns, Auckland-Sunshine Coast and Christchurch-Gold Coast routes under an agreement with the Queensland Government... More>>




SEA: Another First For Solar Energy In New Zealand

The Sustainable Energy Association NZ (SEANZ) congratulates Sunergise on the commissioning of the Sunergise Kapuni Solar Power Plant, the largest in the country... More>>

Accenture: More Boomers Than Zoomers Want To Work From Home

While often associated with tech savvy Gen Z or Zoomers, new global research from Accenture shows that the push for more flexible working environments is being led by Gen Xers and Baby Boomers... More>>

Banking: Westpac New Zealand To Remain Part Of Westpac Group

Westpac New Zealand Limited (WNZL) remains part of Westpac Group following a decision for the two businesses not to demerge. Westpac Group Chief Executive Officer, Peter King, said: “After a detailed review, we believe a demerger of the WNZL business would not be in the best interests of shareholders... More>>

Mercury: Enters Into Binding Agreements To Acquire Trustpower’s Retail Business

Mercury NZ Limited (Mercury) has announced that it has entered into binding agreements with Trustpower Limited (Trustpower, NZX:TPW) to acquire Trustpower’s retail business for NZ$441 million... More>>

ALSO:


ASB: New Zealanders Missing Out On Hundreds Of Millions In KiwiSaver Government Contributions

New Zealanders have just over a week to ensure they’re eligible for the maximum annual government KiwiSaver contribution... More>>