Dawson Intl calls in administrators

published 15 August 2012

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.