Bremworth lowers capital return guidance to shareholders
Worse than expected trading has chewed into the carpet-maker’s cash reserves, lower the potential capital return to investors if a deal to sell the business goes through.
NZX-listed carpet maker Bremworth has lowered its projected capital return to shareholders if a deal to sell the company goes through, after worse-than-expected trading.
Bremworth announced on October 2 that it had entered into a scheme of arrangement with New York-listed flooring giant Mohawk
