One major problem they had/have is there Australian venture, whereby they moved into Synthetic production which got nailed due to cheap Chinese Imports they are still one of the most respected woollen carpet manufacturers. Its a real shame.
If you look at the the big NZ companies that moved into Australia, The Warehouse, Telecom, Feltex they have all got burnt!
Still there are some success stories Pumpkin Patch & F & P that have done well.
A good friend will bail you out of jail........
But a true friend will be sitting next to you saying Damn we f****d up
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