Tue, 01 Nov 2011 | MBO/MBI
Twelve months after a management buy-out deal, 130-year-old Scottish knitwear firm Hawick Knitwear has seen its production double and has announced plans to take on 50 trainees over the next three years.
Benny Hartop, the former managing director of the firm under previous ownership, bought it from private investment group Harris Watson in November last year.
In April the firm recorded a 20 per cent rise in its revenues after an increase in custom, also leading to an increase in its staff numbers from 200 to 230.
The launch of its own brand range of luxury clothing in January is said to have helped increase sales. And to satisfy demand for the products the factory has doubled its weekly output to 19,000 garments, Mr Hartop said.
Speaking to Southern Reporter, Mr Hartop commented, “We continue to benefit from discerning consumers rejecting disposable fashion items from low-labour-cost countries in favour of buying authentic, British-made, luxury goods.”
“Despite having to accept huge raw material prices increases, we have had a busy year with branded range sales taking off and private label business up as well.”
The business now has more than 14 agents in 12 countries focusing on growing product demand in export markets.
A leading engineering firm focusing on electric power steering solutions and bespoke wiring harnesses serving various industries. It operates as two entities both reputable for maintaining high standards and offering bespoke solutions for clients. In...
Market-leading fruit and vegetable supplier distributing fresh produce and complementary goods both wholesale and D2C. The companys uncompromising drive for customer satisfaction has built strong relationships with across an enviable client base incl...
Turnkey construction services provider completing a range of projects with expertise across maintenance general refurbishment new build and conservation including work on listed buildings. The company provides full-service construction works utilisin...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.