Friday, January 14, 2011

Brunschwig & Fils Files Chapter 11 Bankruptcy!



Achille Brunschwig established Brunschwig & Fils in 1900 as a tapestry-weaving mill in Aubusson and Bohain, in France. Today, before filing for Chapter 11 bankruptcy, it offered 22,000 fabrics and 1,200 wallpaper designs.

Crains reports:
As part of the restructuring agreement, the furnisher has agreed to be purchased by Kravet, a Syosset, L.I.-based, privately-held distributor of fabrics and home furnishings, in a deal that is subject to a competitive bid process.

Brunschwig does not plan to close any of its 22 showroom locations, which include an outpost at Third Avenue, between East 58th and East 59th streets—the heart of the interior design industry.

The closest showroom was in Seattle.

Bev & Mike
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