Brunschwig & Fils Files Chapter 11, May Be Sold To Competitor
Filed under: Decor
Luxury wallcovering brand Brunschwig & Fils recently announced that the family-owned company has filed for Chapter 11 restructuring and that Kravet, a fabrics and home furnishings company and former competitor has agreed to buy the company. Brunschwig & Fils is an 111-year-old distributor of wall coverings and upholstery fabrics. It listed assets of $10.9 million and debt totaling $18.4 million. The recession led to a 35% decline in sales in 2009 and a 30% decrease in 2010 as less people poured money into their homes. Home Textiles Today reports that Kravet , a 93-year-old-brand, has offered $6.5 million in cash plus other considerations. Brunschwig & Fils wants other offers by March 3, with an auction not more than two days later to see if anyone will top Kravet's offer. There are no plans to close the 17 Brunschwig & Fils showrooms in the U.S. and three abroad. Brunschwig CEO Olivier Pearson called the restructuring a business decision and said that "our relationships with the lines we represent remain intact and the Brunschwig & Fils Design Studio is creating new patterns for future release."



In the age of digital books, the Kindle, and, ahem, blogs, one unassailable argument for the survival of paper are beautiful, lavishly designed books. Books that are actually pleasing design objects, if not works of art. 


It seems that the fabric company 


Chili's Waitress Fired Over Facebook Post Insulting 'Stupid Cops'
Billboard Music Awards: Worst Dressed (or Most Daring?) From Past Red Carpets
HSBC Plans 14,000 More Job Cuts
Forbidden America: Cold War-Era Map Shows No-Go Zones For Soviet Tourists
Man Takes Dump In Background Of Instructional Workout Video
Tenants: Stench of Death Makes St. Louis Complex 'Unlivable'
Famous Roadside Attractions
Hands-on with the Samsung Galaxy S 4 running stock Android 4.2
Taylor Swift Q and A: What Does She Splurge on in Las Vegas?
Bill Gates regains title of world's richest person as Microsoft stock hits five-year high