Harmless Banter by Beverly Taylor Design

January 27th, 2011

Big News on the Design Front: Kravet to Potentially Purchase Brunschwig & Fils

IMMEDIATE RELEASE

BRUNSCHWIG & FILS ANNOUNCES RESTRUCTURING
Kravet Provides Financing and Bids to Purchase Company

New York –January 14, 2011 – Olivier Peardon, President and Chief Executive Officer of Brunschwig & Fils,
announced today that the family-owned company has filed for Chapter 11 restructuring and, concurrently,
that Kravet, a fourth generation family company, one of the largest privately held distributors of fabrics and 
home furnishings with locations worldwide, has agreed to buy Brunschwig & Fils subject to a competitive
bid process.
Kravet has agreed to provide financing to ensure that Brunschwig & Fils can continue as a
financially sound trading partner during this time of reorganization.
Mr. Peardon stated, “The restructuring is a business decision that will not affect the quality of our
products, or present and future orders.  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 is an internationally respected brand that, for the past 110 years, 
has been the preeminent destination for luxury fabrics, wall coverings, trims, lighting, furniture and accessories.
Kravet, throughout its 93 years in business, has firmly established itself as a distributor
of high-end brands such as Lee Jofa and GP&J Baker. For information on the Chapter 11 filing 
or the auction process, please contact:  Halperin Battaglia & Raicht, LLP, 212-765-9100, Alan D. Halperin, ahalperin@halperinlaw.net or Robert D. Raicht, rraicht@halperinlaw.net, or Charles D. Benjamin of 
Benjamin Capital Advisors, Inc., 914-821-1826.


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