It is the end of the line for Dawson International, the cashmere knit firm, as directors threw in the towel and called in the administrators.
Conversations between the directors and the trustees of the UK defined benefit pension plans failed to generate a way forward for the company and having taken extensive advice, the respective boards of Dawson International and of its principal UK trading subsidiary, Dawson International Trading Limited, and of the intermediate UK holding company, Dawson International Holdings (UK) Limited decided to call in auditing and professional services firm KPMG to run the companies.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
JH
-
The worst London boroughs to sell a second home as investors face £16k capital gains tax billProperty investors selling up in London are benefiting from a decade’s worth of house price rises, but for many it’s resulting in higher capital gains tax bills
-
UK to have highest inflation among advanced economies this year and next, says IMFThe International Monetary Fund (IMF) says it expects inflation to remain high in the UK, while lowering economic growth forecasts for 2026.
