Foreign deal for cashmere company
bbc.co.uk: Ballantyne Cashmere bbc.co.uk
bbc.co.uk
Oct 9, 2008 2 related
        

It is hoped the deal will safeguard jobs in Innerleithen An 80% share of a Borders cashmere company has been sold to Italian and American investors. Textiles entrepreneur Massimiliano Zegna Baruffa has taken a controlling interest in Innerleithen-based Ballantyne Cashmere. US clothing retailer Brooks Brothers has also taken a 25% stake in the firm. The company will operate under the new name JJ & HB 1788 Cashmere Mills. It is hoped the deal will safeguard about 200 jobs at the Borders site. Ballantyne... [read full story]                    

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