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Chanel rescues Scottish Cashmere firm
CHANEL yesterday announced it has acquired the Barrie Knitwear, the Scottish cashmere manufacturer, following the collapse of its owner Dawson International in August. The fashion house said the deal with administrator KPMG will safeguard the jobs of all 176 staff at the mill. It will also continue to make knitwear for other brands as well as Chanel.