Dawson Intl calls in administrators
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.
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.
The directors of Dawson International emphasised that there remains no intention to appoint administrators for the US knitwear business, Dawson Forte, which is well funded and continues to trade normally.
Subscribe to 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
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Saba Capital and Boaz Weinstein respond to investment trusts
As investment trust managers and industry experts accuse Saba of self-motivated opportunism, the hedge fund responds to specific "misleading claims" and sets out its stall
By Dan McEvoy Published
-
How to find top-quality companies with growing dividends
Ian Mortimer, portfolio manager of Guinness Global Equity Income Fund, shares where he would put his money for sustainable and growing dividends
By Ian Mortimer Published