Home / Knowledge / News / Apparel/Garments / Dawson International goes into administration

Dawson International goes into administration

Aug '12
Blair Nimmo and Gary Fraser of KPMG LLP were appointed Joint Administrators of Dawson International PLC and its UK subsidiaries, Dawson International Holdings (UK) Limited and Dawson International Trading Limited on 15 August 2012.  This followed the lodging of notices of appointment of administrators at the Court of Session by the companies’ directors.

The Directors of Dawson International PLC had been in negotiations with the Pension Protection Fund (‘PPF’) and the Pensions Regulator (‘tPR’) to seek a negotiated entry of its UK defined benefit pension plans (‘the Plans’) into the PPF.  This would have meant the PPF assuming responsibility for the Plans in return for a cash payment, loan note and equity stake.  
These negotiations proved unsuccessful.  Following rejection of the proposals, the Pension Scheme Trustees served notices on Dawson International Trading Limited and Dawson International PLC requesting payment of the Section 75 debt of £129 million by 19 August 2012, which the companies could not afford to meet.  The directors therefore concluded that they had no alternative but to appoint administrators.
Dawson International PLC is one of the world’s leading cashmere businesses.  Its main trading subsidiaries comprise two businesses based in the UK and the USA:
The UK business comprises the Barrie knitwear business (‘Barrie’), based in Hawick in the Scottish Borders.  Barrie manufactures highest quality cashmere garments at its factory in the Scottish Borders and sells to some of the world’s most prestigious couture houses, department stores and private label retail outlets.  Barrie has continued to thrive on the development of its export business and its luxury knitwear can be found in the most prestigious stores around the world from Japan and Korea to the United States of America and particularly in Continental Europe. 
The US business comprises the Dawson Forte cashmere business ‘Forte’) based in Boston, Massachusetts.  Forte sources garments form China for US private label programmes and its own branded cashmere collection ‘Kinross’.  The US business is not in administration and continues to trade under the control of its directors.
The Joint Administrators are continuing to trade the Barrie business, whilst they seek a buyer of the business and assets as a going concern.
The underlying Barrie business has been trading profitably.  In the year ended 31 March 2012, Barrie turned over £9.7 million (approximately 90% export sales) and generated a pre-tax profit of £1.1 million. Barrie has a loyal, highly skilled and committed workforce totalling 180 employees.
Blair Nimmo, Joint Administrator, commented that the administration represents an excellent opportunity to acquire a well known and profitable Scottish cashmere knitwear business with over 100 years of trading history, a portfolio of recognised brand names, including Barrie, Glenmac, John Laing and Kinross, and a worldwide customer base.  Any parties with an interest in acquiring the business are invited to contact the Joint Administrators as soon as possible.

Dawson International

Must ReadView All

Pic: Shutterstock

Retail | On 9th Jul 2020

UK unveils 2nd part of 3-phase plan for economic recovery

Chancellor of the exchequer Rishi Sunak recently announced a slew of...

Pic: Brooks Brothers

Apparel/Garments | On 9th Jul 2020

Brooks Brothers files Chapter 11 bankruptcy proceedings

Brooks Brothers, America's oldest apparel company, recently announced ...

Pic: Shutterstock

Textiles | On 9th Jul 2020

Deeper recession forecast for EU economy

The European Union economy will see a deep recession this year...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

GST has levelled the playing field to an extent

Sonia Agarwal, Whitenife

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Mukesh Agarwal & Rajesh Agarwal, Madhuram Fincap Pvt Ltd

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Sarah Perkins,

Sarah Perkins

Fairfax, Virginia-based Specialty Graphic Imaging Association (SGIA) is a...

Sugandha Bhardwaj,

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Ken Butts,

Ken Butts

The mission of Swiss company Datacolor is to empower its customers to make ...

Asif Rahman, MIP

Asif Rahman

MIP is a manufacturer and distributor of high-performance textiles and...

Johan Berlin, Investkonsult Sweden AB

Johan Berlin
Investkonsult Sweden AB

Investkonsult Sweden AB are consultants in the nonwoven and absorbent...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Varsha Wadhwa, VW

Varsha Wadhwa

Coming from a family that ran a business of jute and linen mills since...

Jay Ramrakhiani, Occasions Elegance Wear

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


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

July 2020

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

Advanced Search