Dame Pieter runs out 'for sale' sign on NZ Fashion Week

New Zealand Fashion Week is for sale.

Dame Pieter Stewart, the independently wealthy businesswoman dubbed the nation's first lady of fashion, invited suitors to kick the tyres on the company she founded in 2001 during last week's festivities.

Potential buyers attended events and looked over the company's books. However, there are no offers on the table.

An industry source familiar with the situation, who spoke under strict anonymity, told the Weekend Herald Dame Pieter may struggle to find a buyer.

The Weekend Herald understands potential buyers have baulked at a $1 million asking price.

Dame Pieter, who announced prior to this year's festival that she would be standing down from her role as general manager, confirmed the company was on the market but insisted she was in no hurry to complete a deal.

New Zealand Fashion Week is for sale.

Dame Pieter Stewart, the independently wealthy businesswoman dubbed the nation's first lady of fashion, invited suitors to kick the tyres on the company she founded in 2001 during last week's festivities.

Potential buyers attended events and looked over the company's books. However, there are no offers on the table.

An industry source familiar with the situation, who spoke under strict anonymity, told the Weekend Herald Dame Pieter may struggle to find a buyer.

The Weekend Herald understands potential buyers have baulked at a $1 million asking price.

Dame Pieter, who announced prior to this year's festival that she would be standing down from her role as general manager, confirmed the company was on the market but insisted she was in no hurry to complete a deal.Read more at:best prom dresses