Luxury French fashion house Chanel is to buy one of its suppliers, Scottish cashmere specialist Barrie Knitwear, in a deal announced today (16 October).
Administrators of cashmere and knitwear business Dawson International have admitted that the sales process is taking longer than expected and revealed it is in advanced talks with one party.
Struggling cashmere and knitwear specialist Dawson International Plc has finally called in the administrators after failing to resolve its pension problems, in a move that puts the jobs of around 180 staff at risk.
Shares in struggling cashmere and knitwear business Dawson International have been suspended as the company considers going into administration over its huge pension deficit.
Struggling cashmere and knitwear specialist Dawson International Plc has warned it may have to appoint administrators after proposals to put its pension plans into a protection fund were rejected.
First-half profit at cashmere and knitwear specialist Dawson International Plc has more than halved after margins continue to be hurt by higher raw material prices.
Cashmere and knitwear specialist Dawson International Plc today (30 September) said trading in the first half of its financial year has been in line with expectations, but that margins continue to be hurt by higher cashmere raw material prices.
Dawson International Plc today (9 August) warned higher cashmere raw material prices are reducing margins in its knitwear businesses, and that the biggest hit is likely to take place in its US knitwear operations.
Knitwear and home furnishings group Dawson International Plc has reiterated its warning that higher cashmere and cotton costs are set to weigh on its performance in the coming year - with with US knitwear customers indicating they will cut their orders.
Cashmere and home furnishings group Dawson International Plc today (21 January) warned that higher cotton and cashmere prices are set to weigh on its performance in the coming year - with US knitwear customers in particular likely to cut their orders.
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Cashmere yarn spinner Todd & Duncan has promoted its finance director Iain Cormack to the additional role of deputy managing director.
Andy Bartmess, chief executive of Scottish cashmere company Dawson International, is to leave the business with effect from the end of September.
UK textiles importer Leeds Group made a profit after tax of GBP534,000 (US$788,000) in the six month period ended 31 March 2010, compared with a profit of GBP134,000 in the corresponding period of last year.
Scottish cashmere firm Dawson International Plc has delivered what it describes as a “satisfactory” full year, helped by a strong performance from its knitwear divisions, but said an increase in pension liabilities represents a challenge for the company.
Scottish cashmere firm Dawson International Plc says sales and profits will be ahead of market expectations for the year, after its business was boosted by high margin sales to couture customers.
The GBP6.1m (US$9.8m) acquisition of cashmere spinner Todd & Duncan reinforces Scotland’s international reputation for making luxury textiles, according to the country’s First Minister.
UK cashmere firm Dawson International has posted a wider first-half loss in line with sloping demand.
Scottish textile firm Dawson International Plc has agreed to sell its Todd & Duncan business cashmere yarn spinning business to one of its Chinese suppliers, seven months after discussions began.
UK textiles importer Leeds Group made a profit after tax of GBP134,000 (US$212,000) for the six months ended 31 March 2009, down from GBP315,000 in the same period of 2008, on the back of reduced margins.
Scottish textile firm Dawson International today (8 May) posted a 14% drop in first quarter revenues, and voted to oust chairman Michael Hartley from his position on the board.
Scottish textile firm Dawson International has posted a circular to shareholders backing its chairman amid attempts to oust him by investors.
Cashmere garment maker Barrie Knitwear is cutting 10% of its 163-strong workforce in the Scottish town of Hawick in response to a drop in orders.
Scottish cashmere group Dawson International yesterday (11 March) announced a return to profit, helped by strong performances in every division, but warned of uncertainty in its core businesses.
Scottish cashmere group Dawson International is continuing to make progress in turning round its business, and today (19 February) said it expects its full-year performance to beat forecasts.
Scottish based textile firm Dawson International Plc revealed today (19 November) that is in talks to sell its Todd & Duncan cashmere yarn spinning business to a Chinese fibre firm.
Improved operating results in all divisions helped textile company Dawson International to post a slimmer first-half operating loss of GBP1.1m (US$1.95m).
Scottish cashmere specialist Dawson International has narrowed its first-half pretax loss to GBP1.6m (US$3.2m) from GBP2.1m last year, and says it has found a buyer for its Dorma home furnishing brand.
Scottish cashmere specialist Dawson International is opposing the proposed appointment of two new board members at the company’s forthcoming AGM.
Scottish cashmere group Dawson International Plc today (23 June) said it had made excellent progress in its spinning and home furnishings divisions in its last full year, but described its financial performance overall as “deeply disappointing.”
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