Home / Knowledge / News / Textiles / Wools of New Zealand calls lawsuit frivolous & vexatious
Wools of New Zealand calls lawsuit frivolous & vexatious
05
Dec '12
A key objective of Wools of New Zealand is to build the company, evolving within five years to be a fully commercial grower-owned sales and marketing business.  Wools of New Zealand has spent considerable time meeting with all sectors of the industry in New Zealand  and internationally building strong collaborative relationships  and is now pursing commercial  opportunities  with supply chain participants for mutual benefit.

The Directors are pleased with the cooperation and progress made to date. Wools of New Zealand is, for example, very supportive of the New Zealand scouring industry  which underpins the quality and integrity of our fibre  which supports the Company’s branded, market-pull  strategy.

Despite the Company's efforts to build strong industry connections, the Company was disappointed to learn that, on 23 November, The Formary Limited (a Wellington-based company) filed legal proceedings against UK company Camira Fabrics Limited (First Defendant) and Wools of New Zealand Limited (Second Defendant).

The directors of Wools of New Zealand consider that the legal proceedings are frivolous and vexatious, an abuse of court process and entirely without any foundation in either fact or law.  Legal advice received by Wools of New Zealand supports the Directors' view. Camira Fabrics has confirmed to Wools of New Zealand that it also believes that the proceedings are entirely without foundation.

The directors do not intend to allow these proceedings, which seem to have been filed with a view to disrupting the Wools of New Zealand Prospectus, to distract them from their goal of organising strong wool growers beyond the farm gate. Wools of New Zealand urge’s growers to seriously evaluate the Wools of New Zealand investment offer and make a considered decision aimed at underpinning your  wool returns and ensuring the long term viability of the sheep industry.

The Prospectus closes on 14 December 2012. Only growers who commit and invest will own the assets of Wools of New Zealand including the brands.

Wools of New Zealand


Must ReadView All

Apparel/Garments | On 21st Sep 2017

UK fashion exports £10.7 bn in 2016; highest till now

Exports of British fashion goods rose to £10.7 billion in 2016, the...

Apparel/Garments | On 21st Sep 2017

BFC announces partnership with Chinese firm JD.com

The British Fashion Council (BFC) has forged a new partnership...

Textiles | On 21st Sep 2017

Indonesia’s textile exports may reach $15 billion by 2019

Indonesia’s textile-related exports are projected to reach $15...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search