Luxury fashion brand Chanel has bought a cashmere mill in the Scottish Borders after its owners went into administration.
Chanel has taken over Barrie Knitwear in Hawick, securing the jobs of its 176 staff.
Dawson International, which ran the mill, appointed administrators in August after the company was requested to pay a £129 million debt in its pension scheme.
The mill manufactures cashmere clothing for fashion houses and department stores around the world.
Chanel fashion president Bruno Pavlovsky said: "The acquisition of Barrie is all the more natural as the factory has worked with us for more than 25 years, producing cashmere knitwear including Chanel's iconic two-tone cashmere cardigans.
"Through this acquisition, we reaffirm our commitment to traditional expertise and craftsmanship, and our wish to safeguard their future and support their development."
The GMB union welcomed the move.
Senior organiser Alex McLuckie said: "GMB Scotland always felt confident that this highly skilled, productive and fairly loyal workforce which produces a high quality product would be saved.
"We can now look forward to continuing employment for our members at the Hawick site now and into the future."
Conservative MSP for Ettrick, Roxburgh and Berwickshire John Lamont said it was "fantastic news".
