Home / Knowledge / News / Apparel/Garments / Chanel acquires Scottish cashmere firm Barrie
Chanel acquires Scottish cashmere firm Barrie
19
Oct '12
Acquisition of Hawick-based cashmere firm Barrie Knitwear by French fashion house Chanel is now official.
 
Announcing the acquisition, Chanel’s Fashion President Bruno Pavlovsky said the acquisition is a reiteration of their commitment to traditional art and expertise. Barrie has served Chanel for over 25 years as a supplier of cashmere knitwear, including Chanel’s well-known two-tone cashmere cardigans, he added.
 
Barrie was facing a closure threat after its previous holding firm – the 140 year old textile conglomerate Dawson’s – was placed under administration in August this year, due to pension liabilities, putting around 176 jobs at stake.
 
In a statement following acquisition, Chanel said their acquisition of Barrie has saved a premium cashmere knitwear supplier, catering to some of the world’s leading couture houses, including Hermes, from closing down.
 
Chanel said it would retain the entire existing workforce at Barrie.
 
Chanel’s foray in the British textile market formed a part of its long-established policy of safeguard and if required to acquire its valuable suppliers. The acquisition took place under supervision of KPMG Scotland.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 21st Jul 2017

No shortage of cotton & yarn in country: Minister

There is no shortage of cotton and yarn in the country, and the...

Pic courtesy: Sutlej Textiles & Industries Ltd

Textiles | On 21st Jul 2017

Sutlej Textiles’ Q1 FY18 EBITDA expands to Rs 76.28 cr

Sutlej Textiles and Industries Ltd (STIL), one of India’s largest...

Textiles | On 21st Jul 2017

CAI revises 2016-17 cotton crop to 337.25 lakh bales

Cotton Association of India (CAI) has upwardly revised cotton crop...

Interviews View All

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X