UK: Italy's International Fashion Group Ups Dawson Stake
A group of five Italian investors have bought an extra one million shares in Dawson International, in the process becoming the troubled cashmere clothing company's biggest shareholders.
The investors - Carlo Gancia, Giovanni Ghione, Alfredo Canessa, Rosanna Garibaldi and Ezio Gallo - used their company International Fashion Group to increase their stake to 27.5 per cent.
They are believed to have made their move after Dawson revealed its first half pre-tax losses doubled to £4.8m and shares fell to a year low of 29.75p.
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