Home / Knowledge / News / Textiles / Dawson to sell Todd & Duncan spinning business
Dawson to sell Todd & Duncan spinning business
28
Nov '08
Dawson International PLC announces that it has signed non-legally binding Heads of Agreement with Ningxia Zhongyin Cashmere Co ("Zhongyin") regarding the possible sale of the business and assets of its Todd & Duncan cashmere yarn spinning business ("Todd & Duncan").

This may or may not lead to a sale of the business. Any such transaction would be subject to the satisfactory completion of due diligence by the purchaser and detailed contractual negotiation.

In the year ended 29th December 2007 Todd & Duncan manufactured 300 tonnes of cashmere yarn and had net operating assets at 29th December 2007 of £17.5 million.

Zhongyin is a major supplier of high quality cashmere fibre to Todd & Duncan. In the event of the transaction being completed, Zhongyin has indicated that it is committed to maintaining the existing Scottish manufacturing base, its workforce and the integrity of Todd & Duncan's market leading product quality.

Dawson International is one of the world's leading cashmere businesses. It operates in every aspect of cashmere from goat to garment.

Dawson International


Must ReadView All

Textiles | On 26th Jul 2017

Q1 2018 revenue at Raymond soars 14%

The consolidated revenue of Raymond Limited for the first quarter of...

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Textiles | On 26th Jul 2017

Leather & footwear industry expecting incentive package

India’s leather and footwear industry is anticipating an incentive...

Interviews View All

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Ashok Desai
Bombay Textile Research Association

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

Eric Scholler
Groz-Beckert

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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