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Chairman Fang and his knitting empire.
- Article from:
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Hawick News (Hawick, Scotland)
- Article date:
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July 4, 2008
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Copyright informationCOPYRIGHT 2008 Johnston Publishing Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Kenneth Fang is chairman of Fang Brothers Knitting Limited, which has a payroll of 15,000 and an annual output of 24 million garments.
The Chinese tycoon first declared an interest in buying Pringle on February 15 2000 with the [pounds sterling]10m deal for the ailing firm being done just days later.
Fang, who was born in Shanghai, told the Hawick News that week: "I have been to Hawick twice to inspect the factories and I appreciate the quality of the company's products . . . The majority of output will be cashmere once I take over in a few weeks time, and although production costs in Hawick are higher than in other countries, because the quality is better you can ...
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