Chanel
Barrie Knitwear, a Scottish Borders-based factory has just confirmed that 176 employees will no longer be in peril of losing their jobs as Chanel has stepped in to acquire the business and assets. This historic brand manufactures high quality cashmere for some of the world’s most prestigious couture houses, department stores, and private label outlets. Bruno Pavlovsky, Chanel’s Fashion President, said: “The acquisition of Barrie business by Chanel is all the more natural as the factory has worked with us for more than 25 years, producing cashmere knitwear including Chanel’s iconic two-tone cashmere cardigans. Through this acquisition, we reaffirm our commitment to traditional expertise and craftsmanship, and our wish to safeguard their future and support their development.” Blair Nimmo, head of restructuring at KPMG in Scotland and joint administrator of Dawson International Trading Ltd, said: “With the sale to Chanel, we believe we have secured a sustainable future for a business which is of both historical significance to the textile industry and of local importance as a major employer in the Scottish Borders.” The knitwear factory will pursue its partnerships with all major luxury brands, with no exclusivity, and grow the presence of its own brands throughout the world.
