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

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Subhashini Srinivasan
The S Studio

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

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search