NJS, I absolutely agree with you here. The recent acquisitions of three hallowed English businesses (H. Lesser, Drake's and Budd), that make many nervous, come in the wake of countless others that have seen the ruin of many great names in the apparel and associated industries. The losses of Reid & Taylor, Hunter's of Brora, and Moorbrook still sting those who remember great fabrics.It's all caused by something called Greed.
In part it is the consumer's fault. The indiscriminate hunger to consume without education or sensibility, allows the takeover artists to deliver a facsimile of the original products. And to top it off, they sometimes sell the fakes for prices higher than the original, crystals for diamonds, an Elmyr de Hory for a Picasso.
G for Greed, a sequel?
Let's hope the latest acquisitions go smoothly and the culture and products endure.
It should be said that there are a few stories of acquisitions that are having a very positive effect in "preserving" our culture and products. The example of Fox Brothers, an LL partner and producer of fine "West of England" flannels is an excellent example.
Cheers
Michael