On 17 June 2009 the Company announced that it had signed an agreement with Ningxia Zhongyin Cashmere Company Limited ("Zhongyin") for the conditional sale to Zhongyin of the business and certain of the assets of the Todd & Duncan division of Dawson International Trading Limited.
Further to the announcement made on 17 June, the Company is pleased to announce that all outstanding conditions relating to the sale have now been satisfied and completion has taken place.
Dawson International is one of the world's leading cashmere businesses. It operates in every aspect of cashmere from goat to garment.
Todd & Duncan was founded in 1867 in Scotland by William Todd & James Duncan. Started with fine lambswool, but saw the potential for a specialist skill in spinning high quality single ply cashmere yarn.
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