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|French fashion house Chanel saves Scots cashmere mill from closure saving 176 jobs LUXURY fashion brand Chanel has bought a cashmere mill in the Scottish Borders after its owners went into administration. Chanel has taken over Barrie Knitwear in Hawick, securing the jobs of its 176 staff. Dawson International, which ran the mill, appointed administrators in August after the company was requested to pay a 129million debt in its pension scheme. The mill manufactures cashmere clothing for fashion houses and department stores around the world. Chanel fashion president Bruno Pavlovsky said: "The acquisition of Barrie is all the more natural as the factory has Moncler Gillet 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." The GMB union welcomed Moncler Kids Down Sleeveless Vest Pink the move. Senior organiser Alex McLuckie said: "GMB Scotland always felt confident that this highly skilled, productive and fairly loyal workforce which produces a high quality product would be saved. "We can now look forward to continuing employment for our members at the Hawick site now and into the future." Conservative MSP for Ettrick, Roxburgh and Berwickshire John Lamont said it was "fantastic news". "I know that KPMG had been working hard to secure a buyer, and it is great that they have found one in Chanel," he said. "Chanel is a world famous company that operates on a global scale and with Barrie Knitwear in their ownership I am confident that the future of Moncler Long Down Coat the firm is safe for the foreseeable future.
French luxury labels target India NEW DELHI: Targeting India s rich and famous, top French luxury brands are working out their plans to open outlets in major cities including Delhi and Mumbai. CEOs of at least a dozen French labels converged last week to find out the policy fine prints about opening their shops in best of India s fashion and lifestyle hubs and interacted with their potential local partners and senior bureaucrats. High end Louis Vuitton, which has its stores in the aisles of five star hotels in Delhi and Mumbai, would scale up its presence in the national capital. "Looking at opportunities which India offers, there is potential for a few more stores. Our new store in Delhi would come up in January next year," Louis Vuitton General Manager (Middle East and India) Damien Vernet said. Besides Delhi and Mumbai, Louis Vuitton outlets may also come up in Bangalore, Hyderabad, Chennai and Kolkata, he said. Chanel, which gives its users of fragrances, accessories and apparels a style statement, wants to expand its business by opening more points of sales, more so in Mumbai. "We would be expanding selectively since we need to find appropriate retail environment for our range," Chanel India Managing Director Xavier Bertrand said. The government allows Moncler Jackets Outlet Womens 51 per cent foreign direct investment in the single brand retail. However companies like Louis Vuitton and Hermes have started lobbying for lifting the FDI threshold. Visiting French Trade Minister Christine Lagarde, in fact, took up the issue with Commerce and Industry Minister Kamal Nath, who said the government would examine even reducing the customs duty on the import of luxury brands. The scarf, leatherware and jewellery maker Hermes has decided to open its first store in Delhi in 2008. "We are talking to a few Indian fashion houses to become out minority partners. We would be retailing all our products to the customers here," Hermes International Executive Vice President Christian Blanckaert said. Another French firm, Estee Lauder would introduce the Donna Karan range of fragrances and Moncler Outlet Chicago sell other products like its colour cosmetic line M A C and skin care brand Clinique . Estee Lauder Group President Patrick Bouquet Chavanne said his company is talking to big Indian retail players including Shoppers Stop for forging alliances. Ski Jackets Moncler "We are looking at opportunities to sell our range of products," he said. Jean Paul Gaultier, known for its beauty products, apparel and accessories, would bring here its ready to wear garments to the country. "The company would retail its entire range of products in India, except its haute couture line, which is sold exclusively in Paris," Jean Paul Gaultier CEO Christophe Caillaud said.