Chanel cashmere supplier close to being rescued

The Scottish wool supplier that makes cashmere for the French fashion house Chanel and Jermyn Street tailors is close to being rescued.

Barrie Knitwear, part of the collapsed Dawson International, is expected to be sold back to its management in a deal valuing the Hawick-based business at between £3m and £5m within a fortnight. The management bid – led by Jim Carrie and Clive Brown, who have backing from an Edinburgh-based businessman – became favourites following the collapse of previous sales talks last month. The company behind the US menswear chain Brooks Brothers – Italy's Claudio Del Vecchio's Retail Brand Alliance – had been in talks to buy the brand.

Comments