Acquisition of Hawick-based cashmere firm Barrie Knitwear by French fashion house Chanel is now official.
Acquisition of Hawick-based cashmere firm Barrie Knitwear by French fashion house Chanel is now official. Announcing the acquisition, Chanel's Fashion#
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.
Acquisition of Hawick-based cashmere firm Barrie Knitwear by French fashion house Chanel is now official. Announcing the acquisition, Chanel's Fashion#
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.
Acquisition of Hawick-based cashmere firm Barrie Knitwear by French fashion house Chanel is now official. Announcing the acquisition, Chanel's Fashion#
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.
Acquisition of Hawick-based cashmere firm Barrie Knitwear by French fashion house Chanel is now official. Announcing the acquisition, Chanel's Fashion#
Chanel said it would retain the entire existing workforce at Barrie.
Acquisition of Hawick-based cashmere firm Barrie Knitwear by French fashion house Chanel is now official. Announcing the acquisition, Chanel's Fashion#
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.
Acquisition of Hawick-based cashmere firm Barrie Knitwear by French fashion house Chanel is now official. Announcing the acquisition, Chanel's Fashion#
Fibre2fashion News Desk - India