Ecotextile News Technical Textiles Sustainable Nonwovens Careers in Textiles Technical Standards & Legislation MCL News & Media
Twitter RSS Feed Contact Us

Banner
Banner

Banner
Banner
Banner
Pension problems put brakes on Dawson
Thursday, 11 March 2010

Kinross - A trebling of its pension deficit has forced Scottish cashmere group Dawson International to rule out any growth through acquisitions in 2010.

Although Chairman David Bolton said the planned exit from loss making divisions presented an opportunity to build on solid foundations and focus on its profitable core businesses in 2010, the trebling of pension liabilities over the past year to ?19.3 million meant there would be no further development of the company through acquisitions.