Bremworth has reached a final multimillion-dollar settlement with its insurers following severe damage and disruption at its Napier plant from Cyclone Gabrielle in February 2023. The wool carpet ...

Overview: Bremworth Limited manufactures and sells carpets and rugs across New Zealand, Australia, the United States, Canada, and other international markets with a market cap of NZ$39.08 million.

Insurers have already paid out $62 million to Bremworth, and the balance of $ ... from Cyclone Gabrielle in February 2023. The wool carpet manufacturer’s chief executive, Greg Smith, said the ...