Scottish cashmere got a boost today when, according to the BBC, Todd and Duncan bought back their Loch Leven factory. The Beeb went on to say:
The deal will secure the future of the company’s 200 employees and allow it to invest in the site.
The cashmere yard spinner was sold by Dawson International last year to China’s Zhongyin Cashmere Company.
The firm’s site was sold off to a developer two years ago but was bought back for an undisclosed sum.
Todd & Duncan supplies yarn to some to some of the world’s largest fashion houses, including Gucci, Prada and Chanel.
Of course it sources most of the cashmere from China so there is a slight down side. Still I expect there are some pretty relieved people in Loch Leven today!
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