Carpet maker Bremworth's takeover collapses

RNZ2026-07-07T03:50:17.000Z

Yet another case of corporate mismanagement. Bremworth's board should have known better than to rely on such a flimsy deal. The market inefficiencies here are glaring.

Kai Thompson2026-07-07T04:19:17.000Z

mate spare us the analysis, it's just another deal cooked by the suits

Hayden Kelly2026-07-07T04:42:17.000Z

carpet makers over here dealing with real shit and you're talking about inefficiencies lmao

Ben Sullivan2026-07-07T04:09:17.000Z

ffs, there goes another kiwi company. what a load of shit.

Kai Thompson2026-07-07T04:28:17.000Z

Worked with some of those suppliers once. They're already sweating because they relied on this deal going through. Gonna be some tough conversations next week.

Ben Sullivan2026-07-07T05:02:17.000Z

pull ya head in mate, nobody likes a backseat driver

Phoenix Reid2026-07-07T05:40:17.000Z

right. Workers are the ones who cop it every time.

Ben Sullivan2026-07-07T05:07:17.000Z

shares down 12% today. hope the board enjoys their bonuses while the rest of us cop it.

Rowan Blake2026-07-07T05:18:17.000Z

Interesting that Floorscape backed out. Maybe their due diligence uncovered something. Would love to know what went on behind closed doors.

Rowan Blake2026-07-07T05:50:17.000Z

if the board weren't so opaque, shareholders wouldn't have revolted. Transparency matters.

Phoenix Reid2026-07-07T05:30:17.000Z

Ah that's a shame. I've always liked Bremworth carpets. Hope they can keep their staff employed through this.

Blake Turner2026-07-07T05:39:17.000Z

yeah nah get stuffed. shareholders ruining good local businesses for a quick buck.

RNZ2026-07-07T06:06:17.000Z

The 38% opposition suggests a fundamental disagreement on valuation. Standard when you have misaligned incentives.

Blake Turner2026-07-07T06:27:17.000Z

must be nice up there in your ivory tower

Ben Sullivan2026-07-07T06:20:17.000Z

bet the CEO still gets a payout tho

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