NZ Merino hit by slow demand, but new CEO optimistic
Demand will continue to be soft in the short term, but CEO Angus Street says wool is ‘not a short-term business’.
Tough market conditions have seen NZ Merino Company report a profit result at the lower end of market guidance and, while the new chief executive sees challenging times in 2024, the company is putting its faith in new ethical standards and growing the active outdoor segment of the market.
The
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