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BharatTextile.com » Mergers & Acquisitions News » NEW ZEALAND: Apparel Brands acquires Norsewear sale

NEW ZEALAND: Apparel Brands acquires Norsewear sale

Iconic New Zealand clothing brand Norsewear has been sold to clothing company Apparel Brands, which is to continue manufacturing in New Zealand. Because of this some jobs in the company are in doubt. Norsewear is a manufacturer

WELLINGTON: Iconic New Zealand clothing brand Norsewear has been sold to clothing company Apparel Brands, which is to continue manufacturing in New Zealand. Because of this some jobs in the company are in doubt. Norsewear is a manufacturer of high-quality woollen garments, particularly socks, in New Zealand for more than 40 years. Norsewear’s chain of six retail shops has been purchased in a management buy-out. The sale includes the original Norsewear store in the southern...

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