Home / Knowledge / News / Textiles / Brookmann buys Dawson home textiles business
Brookmann buys Dawson home textiles business
21
May '11
Bookmann Home, the investment group of Brook Johnson and Myron Mann, has bought Dawson Home Group (DHG), the bed linen division of Dawson International. Under the deal, Brookmann will pay £4 million in cash, and also purchase around £2.5 million of DHG stock.

Based out of Ardwick, Manchester, DHG sells its own Vantona brand of bed-linen. It also designs and sources for a number of UK retailers. In recent times, it had suffered due to a surge in cost of cotton raw material and had experienced tough trading conditions.

The Brookmann Home shall retain all the 53 employees currently with the DHG business which incurred an operating loss of £1.5 million in 2010 on a turnover of £30.3 million. Dawson, on its part, may utilize some of the cash received through the deal towards reducing its pension deficit.

With the sale of its home furnishings division, Dawson International will be able to focus on its core cashmere activities, according to its Chairman David Bolton. The company is already in the process of combining the management of its remaining businesses – Barrie and Dawson Forte.

The new division will function as Dawson Cashmere, through which the company will strive to achieve recovery and growth of its businesses.

The deal is a win-win situation for both the groups as Brookman will get a well-known UK outlet like the DHG's for its overseas production, whereas the cost pressures being experienced by DHG may be mitigated due to the many strategic alliances that Brookman has with manufacturers around the world.

Fibre2fashion News Desk - India


Must ReadView All

Indian govt approves special package for leather, footwear

Textiles | On 16th Dec 2017

Indian govt approves special package for leather, footwear

The Union Cabinet chaired by PM Narendra Modi has approved a special...

EU parliament resolution calls for Cambodia sanctions

Apparel/Garments | On 16th Dec 2017

EU parliament resolution calls for Cambodia sanctions

Following the ongoing crackdown in Cambodia on the opposition and...

Affordable prices to be hit if US pulls out of NAFTA: NRF

Apparel/Garments | On 16th Dec 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

US retailers’ ability to offer consumers quality products at...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Hannah Lane
Redress

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

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Tony Ward
Tony Ward

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

December 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

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

Yes No

Active Poll

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

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

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

Yes No

Active Poll

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

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

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

Active Poll

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

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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