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Icebreaker bought by US retail giant

  • News
  • November 3, 2017
Icebreaker bought by US retail giant

VF Corporation, a US-based footwear and apparel company, has recently added New Zealand label Icebreaker to its list of impressive brands.

The merino wool clothing retailer, which is celebrating its 22 years in business, has been acquired from the company for an undisclosed sum.

Icebreaker was founded by Jeremy Moon, who said the sale of the business was not one to be passed up.

“This is a once in a lifetime opportunity for our global Icebreaker team and for our New Zealand wool suppliers to introduce a whole new universe of consumers to the benefits of sustainably farmed, ethically sourced, New Zealand Merino wool.

Moon will stay on with the company, along with chairman Rob Fyfe who has views for the retailer to become a $1 billion brand.

Icebreaker apparel is sold in 47 countries worldwide and this year made more than $220 million in global sales. The company buys 25 per cent of the merino wool New Zealand grows and produces more than four million garments a year.

VF Corporations is based in North Carolina and owns the likes of Timberlands, Vans, Wrangler, Lee Jeans, and The North Face among other powerful brands. 

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Kimberlys will be gone by Sunday

  • News
  • December 11, 2017
  • Sarah Dunn
Kimberlys will be gone by Sunday

Womenswear company Kimberlys was founded in 1983, but it won’t see out the end of 2017 before folding. It went into receivership in October and as a buyer has failed to come forward, all remaining Kimberlys stores will close on December 17.

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In store music matters

  • In Association with OneMusic
  • December 11, 2017
In store music matters

Music. It’s always there, but it’s not often we stop to think about the effect it has on our environment. Mark Cowie, New Zealand operations manager for Recycle Boutique talks about how they use music targeted to their demographic to add to the in-store experience.

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Oroton luxury bags put into administration

  • News
  • December 8, 2017
Oroton luxury bags put into administration

Oroton Group, owners of luxury accessories chain Oroton, entered the brand into administration at the end of November. The chain is set to operate as usual until a decision is reached regarding the brand's future.

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