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Australia is one of the largest wool producers in the world. Marnoo Merino Wool Ltd manufactures woollen clothing made from high quality Australian wool. Wool
Australia is one of the largest wool producers in the world. Marnoo Merino Wool Ltd manufactures woollen clothing made from high quality Australian wool. Wool from the merino sheep is often cited as the softest and best quality in the world. The wool has a number of distinct features including being able to wick moisture, being breathable, aid thermo-regulation and odour resistance. This aids with keeping warm such as with woollen thermals or underwear. Merino wool can also be used to make high quality footwear for winter usage or sleepwear with extra thermal benefits. Historically merino wool has been used through the ages including the Middle Ages in Europe. Since the 1940s merino wool has even be used in the fashion industry to make high quality garments. Marnoo Merino Wool Ltd is looking to finance a number of areas, including its' operations in the areas of working capital and long-term assets. The firm has a BB credit rating. Management expect to expand export operations by building partnerships with retailers overseas. There is an expectation of potential expanded sales into Europe and the United States. It is anticipated that around 50 million euro and $100 million USD will need to be raised to fund this venture. Please suggest a suitable funding source with a full explanation of why you believe this may be the best funding option
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