1 00:00:00,280 --> 00:00:02,440 Speaker 1: With us right now? Is Jamie Mackay, Host of the Country. 2 00:00:02,440 --> 00:00:04,680 Speaker 2: Hey Jamie Evening, have it now? 3 00:00:04,720 --> 00:00:06,560 Speaker 1: What did you make of Bremworth deciding to do the 4 00:00:06,559 --> 00:00:07,680 Speaker 1: synthetic carpets again. 5 00:00:08,480 --> 00:00:11,119 Speaker 2: Well, it hasn't probably gone down well with some farmers, 6 00:00:11,119 --> 00:00:15,240 Speaker 2: but I think if you look at it from a distance, 7 00:00:15,280 --> 00:00:19,759 Speaker 2: it's probably a pragmatic decision. So they've reversed their wall 8 00:00:19,800 --> 00:00:22,959 Speaker 2: only policy and they're now going to start making synthetic 9 00:00:23,000 --> 00:00:27,240 Speaker 2: carpets as well. Now. They stopped producing synthetic carpets back 10 00:00:27,240 --> 00:00:29,760 Speaker 2: in twenty twenty in favor of the wall only policy. 11 00:00:30,160 --> 00:00:32,320 Speaker 2: But there's been a recent shakeup on the board. You 12 00:00:32,400 --> 00:00:36,920 Speaker 2: might remember that Rob Hewitt, the new chair, ditched the 13 00:00:36,960 --> 00:00:39,400 Speaker 2: old board. He's the chair of Everything in New Zealand, 14 00:00:39,520 --> 00:00:42,919 Speaker 2: formerly Silver Firm, Farms and Farmlands. But he did it 15 00:00:43,320 --> 00:00:46,199 Speaker 2: off the back of falling revenue. The chief executive, by 16 00:00:46,240 --> 00:00:49,120 Speaker 2: the way, he was a victim. He stepped down recently 17 00:00:49,159 --> 00:00:51,280 Speaker 2: after four years. Agoy by the name of Greg Smith. 18 00:00:51,360 --> 00:00:53,760 Speaker 2: So revenue fell from one hundred and fifty million to 19 00:00:53,880 --> 00:00:57,560 Speaker 2: eighty million in the space of six years. I guess 20 00:00:57,640 --> 00:01:01,120 Speaker 2: they had to do something that the Hewitt said. The 21 00:01:01,160 --> 00:01:04,800 Speaker 2: decision to stop selling synthetic carpets in favor of wool 22 00:01:04,800 --> 00:01:08,680 Speaker 2: only products had not resulted in improved sales, while operating 23 00:01:08,760 --> 00:01:13,280 Speaker 2: costs had still remained high. He said not having synthetics 24 00:01:13,280 --> 00:01:17,399 Speaker 2: in their portfolio actually made things more difficult because their 25 00:01:17,440 --> 00:01:22,119 Speaker 2: customers wanted to sample both synthetics and wool and they, 26 00:01:22,160 --> 00:01:24,920 Speaker 2: says said, we need to spread our costs across the 27 00:01:24,959 --> 00:01:27,480 Speaker 2: wider base, and our customers are clearly looking for a 28 00:01:27,520 --> 00:01:31,759 Speaker 2: synthetic product, okay. And he also said having a complete 29 00:01:31,760 --> 00:01:35,600 Speaker 2: portfolio ie synthetics and wool will actually help them grow 30 00:01:35,959 --> 00:01:39,080 Speaker 2: their wall product sales. I hope so. Our Federated Farmers 31 00:01:39,080 --> 00:01:41,640 Speaker 2: not surprisingly Meet and Wool chair Toby Williams said the 32 00:01:41,680 --> 00:01:44,760 Speaker 2: wool industry was teating teetering and this would be another 33 00:01:44,880 --> 00:01:49,240 Speaker 2: knock for farmer confidence. He said it was disappointing but understandable. 34 00:01:49,400 --> 00:01:51,360 Speaker 1: Yeah, I mean, because it's market reality, isn't it. But 35 00:01:51,400 --> 00:01:54,440 Speaker 1: how embarrassing for Bremworth because remember that campaign that they launched. 36 00:01:54,440 --> 00:01:57,960 Speaker 1: It was just so harsh about synthetic carpets and now 37 00:01:58,000 --> 00:01:58,800 Speaker 1: they're doing them again. 38 00:02:00,080 --> 00:02:02,880 Speaker 2: A bit of a backflip. I mean everyone's doing these days. 39 00:02:02,880 --> 00:02:06,440 Speaker 2: Look at Trump and his tariffs. Heather but look the 40 00:02:06,440 --> 00:02:08,600 Speaker 2: reality of it is, as much as we want to 41 00:02:08,680 --> 00:02:11,200 Speaker 2: use wall carpets and the government have been a champion 42 00:02:11,240 --> 00:02:14,880 Speaker 2: of that in there in their buildings, some people don't 43 00:02:14,919 --> 00:02:19,400 Speaker 2: want wall carpets. They want the cheaper synthetic option, which 44 00:02:19,480 --> 00:02:22,240 Speaker 2: may have some advantages. In an ideal world, we would 45 00:02:22,280 --> 00:02:26,079 Speaker 2: all we would, we would all choose wall carpets, but 46 00:02:26,600 --> 00:02:28,160 Speaker 2: ultimately the market will decide. 47 00:02:28,440 --> 00:02:30,480 Speaker 1: Yeah, brilliant, Jamie. It's good to talk to you as always, 48 00:02:30,480 --> 00:02:31,960 Speaker 1: talk to you in a couple of days. Jimmie McKay 49 00:02:31,960 --> 00:02:32,760 Speaker 1: hosts of the Country. 50 00:02:33,400 --> 00:02:36,560 Speaker 2: For more from Heather Duplessy Allen Drive, listen live to 51 00:02:36,680 --> 00:02:39,720 Speaker 2: news talks. It'd be from four pm weekdays, or follow 52 00:02:39,760 --> 00:02:41,520 Speaker 2: the podcast on iHeartRadio.