Chanel has agreed a deal with administrators KPMG to purchase cashmere knitwear manufacturer Barrie Knitwear of Scottish Borders-based.
Chanel’s acquisition of Barrie Knitwear in Hawick secures the jobs of all 176 employees and safeguards a historic brand known for the manufacture of high quality cashmere for some of the world’s most prestigious couture houses, department stores and private label outlets.
Bruno Pavlovsky, Chanel’s Fashion President, said: "The acquisition of Barrie business by Chanel is all the more natural as the factory has worked with us for more than 25 years, producing cashmere knitwear including Chanel’s iconic two-tone cashmere cardigans. Through this acquisition, we reaffirm our commitment to traditional expertise and craftsmanship, and our wish to safeguard their future and support their development."

Image: Fall-Winter 2012/13 show, Cara Delevingne