News that a Hawick knitwear company is to be acquired by international fashion house Chanel has been welcomed by the local community.
Nearly 180 jobs have been saved by the take over.
Barrie faced closure when its parent company Dawson international went into administration, because of problems with pension liabilities.
Bruno Pavlovsky, CHANEL’s Fashion President, said;
Blair Nimmo, head of restructuring at KPMG in Scotland and joint administrator of Dawson International Trading Ltd, said:
The current management will continue to manage the company, with Jim Carrie as Managing Director and Clive Brown as Sales Director.