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John Spencer (Textiles) Ltd and Ian Mankin Ltd were acquired through a management buyout by Simon Blackley, the current Managing Director. The businesses will continue to operate from Burnley and London premises under the newly formed Ashfield Mill Group.
“The buyout represents the next chapter for some exciting developments and I have no doubt that under Simon's leadership the businesses will continue to do amazing things.”johnspencer.com
Summarized from public sources; check the original articles before acting on it.