LEEDS Group has criticised the Pension Protection Fund for failing to agree a deal that would see it take over pension plans from cashmere business Dawson International.

Dawson, which is 29% owned by Leeds Group, has warned that it may go into administration as a result of the decision putting 200 jobs at risk.

The company has been in discussions with the Pensions Regulator and the Pension Protection Fund to try and negotiate entry for its defined benefit pension plans.

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