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.