No interest in knitwear firm

Hawick Knitwear, Liddesdale Road
Hawick Knitwear, Liddesdale Road

There has been no interest so far in taking on the failed Hawick Knitwear business as a going concern.

Blair Nimmo, of administrators KPMG, said yesterday (Thursday): “Despite considerable efforts, unfortunately no party has been prepared to acquire the business and assets as a going concern.

“We have continued discussions with various parties who have offered to acquire the assets of the company. We are in discussions with a party who wishes to acquire certain assets of the company and who may, at some point, look to commence production from the company’s premises in Hawick.

“However, until a formal agreement is concluded, we are not in a position to provide further information.”

Borders MP Calum Kerr struck a more positive note.

He said: “We have seen the sector across the Borders successfully adapt to changing global markets and to strong demand for its products by becoming more innovative, efficient and productive.

“The clear message from local knitwear firms at the economic summit hosted by Scottish Government business minister Fergus Ewing earlier this month was that the industry can be successful and profitable as long as it is flexible and willing to move with the times.”