Search

ACCC checks SeNevens nappy claims amid IPO


Ascot-based SeNevens International Ltd, the company behind the Safeties Nature Nappy, has revealed that it is the subject of an Australian Competition and Consumer Commission investigation.
The issue emerged when SeNevens issued a supplementary prospectus for its $2.2 million float which it said had been delayed for a week.
A SeNevens spokesperson could not elaborate significantly on the nature of the ACCC's inquiry, adding only that the watchdog had sought historical marketing information and claims about biodegradability relating to a complaint emanating from Tasmania.
The spokeperson said SeNeven was unaware of the nature of any complaint that might have been made or identity of any complainant.
In its original prospectus SeNevens also revealed litigation with a former, unnamed CEO who had claimed one year's fee amounting to $263,780 over a terminated consulting agreement.
The company is seeking up to $5 million to market and develop its environmentally-friendly nappies and other non-woven products.

Login

(existing subscribers)

The password field is case sensitive.
Request new password

Add your comment

BNIQ sponsored byECU School of Business and Law

Students

6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE10,000
10th-The University of Notre Dame Australia6,708
48 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer