Kravet Bids for Brunschwig & Fils

NEW YORK--Fabric and home-furnishings vendor Kravet has made a bid to purchase Brunschwig & Fils, which has filed for Chapter 11 bankruptcy protection.

The deal is subject to a competitive-bid process that will take place in early March, according to a spokeswoman for Brunschwig & Fils.

Brunschwig & Fils is a supplier of fabrics, wall coverings, trimmings, upholstered furniture, lamps, tables, mirrors and accessories.

Olivier Peardon, president and chief executive officer of Brunschwig & Fils, said the 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."

The statement did not say how soon the acquisition would close.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.

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