Luxury results for Dawson’s cashmere
Dawson International, one of the world’s leading cashmere businesses, said in a bullish trading update today (19 February) that its results would be ahead of expectations.
Having reported a loss of £2.7 million in 2007 and a loss of £1.1 million for the first half of 2008, the Lochleven Mills, Kinross, Scotland- based business said: “We are now pleased to report that the pre-exceptional trading result of each of our businesses and therefore that of the group as a whole for the 53 weeks to 3 January 2009 will be ahead of market expectations.”
However, the company said it remained cautious in its outlook for 2009 given the worldwide recession and its impact on consumer spending and the continued weakness of Sterling with its impact on the cost of goods sold.
AIM-listed Dawson employs around 1,000 people across locations in the UK, Europe, China and the USA.
