Brunschwig & Fils Files Chapter 11

January 16, 2011  by in UnCategorized   

By Home Furnishings Business in Acquisition on January 17, 2011

Fabric, upholstered furniture and accents vendor Brunschwig & Fils has filed for Chapter 11 restructuring.

In addition to providing financing for the reorganization, fabric and home furnishings vendor Kravet has agreed to buy Brunschwig & Fils subject to a competitive bid process.

"The restructuring is a business decision that will not affect the quality of our products, or present and future orders," said Brunschwig & Fils President and CEO Olivier Peardon. "This restructuring will improve our services and supply chain flow. Our relationships with the lines we represent remain intact and the Brunschwig & Fils Design Studio is creating new patterns for future release."

Brunschwig & Fils, White Plains, N.Y., has been been a source for luxury fabrics, wall coverings, trims, lighting, furniture and accessories for 110 years.

Ninety-three-year-old Kravet, Bethpage, N.Y., is a distributor of high-end brands such as Lee Jofa and GP&J Baker.