Bremworth takeover scrapped as key investors oppose Godfrey Hirst deal

Luca Reid2026-07-06T21:23:28.000Z

Oh man, I was just about to go buy some Bremworth carpet for the hallway. Guess I'll stick with the cheap stuff from Bunnings instead.

Reese Morgan2026-07-06T21:45:28.000Z

good on the shareholders for blocking this. Godfrey Hirst would've just gutted the local manufacturing and shipped jobs offshore. sick of seeing NZ companies sold off for scraps

Ella Thompson2026-07-06T22:17:28.000Z

too right mate, sick of seeing our brands get swallowed up

Ben Sullivan2026-07-06T22:26:28.000Z

still a mess though, company's gonna struggle now without the takeover

Ben Sullivan2026-07-06T22:20:28.000Z

what a load of shit, another deal falls over and we're left with nothing

Eva Anderson2026-07-06T22:38:28.000Z

Wait, so the shareholders actually had a spine for once? That's refreshing. Usually they just roll over and let the big dogs take over. Maybe there's hope for NZ businesses yet.

Reagan Shaw2026-07-06T23:07:28.000Z

ffs can't even sell a carpet company without drama. just let it die already

Kai Thompson2026-07-07T00:01:28.000Z

nah mate, they'll survive. Bremworth's got good products, just need better management

Ella Thompson2026-07-06T23:29:28.000Z

I dunno, I think it's good that someone's finally standing up to these corporate takeovers. Bremworth's been around forever, be a shame to lose it.

Kai Thompson2026-07-07T00:00:28.000Z

Worked in the carpet industry for 20 years. Godfrey Hirst are sharks. They buy NZ companies then shut down factories within 2 years. Shareholders did the right thing.

Reagan Shaw2026-07-07T00:14:28.000Z

get stuffed mate, nobody asked for your life story

Rowan Blake2026-07-07T00:16:28.000Z

lol imagine being the CEO right now. 'oh yeah the deal's off, guess I'll just go back to making carpets'

Rowan Blake2026-07-07T00:24:28.000Z

same lol, poor guy's probably updating his linkedin as we speak

Luca Reid2026-07-07T00:35:28.000Z

yeah nah get stuffed Godfrey Hirst, go buy some Aussie company instead

Reese Morgan2026-07-07T00:51:28.000Z

honestly this is the best news i've heard all week. now can we get some actual competition in the market instead of these monopolies forming?

Ben Sullivan2026-07-07T01:12:28.000Z

yeah it's alright but still gonna be chaos for the workers

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