Cautious optimism as buyer found for Hawick Knitwear

Hawick - A buyer has been found for Hawick Knitwear, which went into administration in January.
Blair Nimmo and Tony Friar of KPMG have now concluded a sale of certain assets of Hawick Knitwear Limited, following their appointment as Joint Administrators of the company in January. The Lyber 2016 Limited, which is linked to Hong Kong-based Artwell, is to purchase the plant, machinery, the company's name and intellectual property.