News Archive - 2016

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19 Apr 2017

Zegna's wool growing pains

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For the first time in the history of the exclusive Ermenegildo Zegna's wool awards, the Italian fine textiles and menswear luxury brand has paid 50 per cent above the market value to purchase 24 bales entered into the superfine competition.

27 Mar 2017

Wool growers' Graziers Investment Company enters final stages

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Wool grower-owned Graziers Investment Company Ltd is on track to be wound up this year, with an estimated $20 million in assets to be distributed to shareholders.

15 Mar 2017

Basin destruction: McBride

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LARGE-SCALE Far West NSW landholder Robert McBride has taken to YouTube to vent his frustration at what he calls "incompetence" in the management of the Menindee Lakes and Lower Darling River.

02 Mar 2017

Wool grower bodies unite on AWI levy oversight after staff payment shock

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Australia's wool grower bodies have aligned behind the need for more industry oversight over levy expenditure after Australian Wool Innovation disclosed high ex-gratia staff severance payments at a Senate estimates hearing.

01 Mar 2017

Senators shocked by 'generous' AWI redundancy payouts

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Australian Wool Innovation (AWI) is on the back foot defending payments of up to $531,371 in termination and ex-gratia fees to retrenched staff. AWI chief executive Stuart McCullough faced a Senate Estimates Committee hearing in Canberra where Nationals Senator John Williams questioned why staff on salaries from $200,000 to $300,000 were paid nearly a full year in redundancy and ex-gratia payments.

 
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