Brunschwig & Fils Acquired By Kravet

Faux bois and chevrons and ikats, oh my! Fabrics from Brunschwig & Fils.

Lovers of fine textiles take note: Brunschwig & Fils has a new owner. Family-owned home furnishings juggernaut Kravet bested Sovereign Partners in an auction for the storied fabric and trim house (its offerings include a staggering 17,000 fabrics and more than 1,000 wall coverings). Founded in 1900 as a tapestry-weaving mill in Aubusson and Bohain, France, and now based in White Plains, New York, Brunschwig & Fils succumbed to economic pressures with a January bankruptcy filing that pointed to declining sales and profitability over the last several years. Financial terms of the acquisition were not disclosed, but Kravet offered $6.5 million for the company in the days following the Chapter 11 filing. Kravet is expected to begin operating the Brunschwig & Fils business by the end of the month. At this time, there are no plans to shutter any of the 21 Brunschwig & Fils showrooms or its design studio in New York’s D&D Building.