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Todd and Duncan: Kinross cashmere firm's record sales

Despite economic uncertainty around the globe Kinross cashmere firm Todd and Duncan has achieved record sales. ....

Perth And Kinross , United Kingdom , Iain Cormack , Bruce Cameron , Lochleven Mills ,

Sales unravel for Kinross cashmere firm Todd & Duncan

Sales unravel for Kinross cashmere firm Todd & Duncan
© DCT Media
Todd & Duncan MD Iain Cormack at the facility in Kinross.
A Kinross cashmere firm that supplies some of the world’s top fashion houses saw sales fall 25% last year due to the pandemic.
Todd & Duncan dyes and spins cashmere and lambswool yarns for some well-known names in high fashion.
With global retail closures and fewer events, the high-end fashion market has been badly affected by Covid-19.
‘Significant efforts by employees’
Managing director Iain Cormack described the impact on the business, which has traded since 1867.
“We ended 2020 with a decline of 25% over anticipated volumes which is due to reduced demand from our customers following the Covid-19 pandemic and reductions in the footfall in our customers’ stores,” he said. ....

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