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Kravet Adds Luxury Brand Donghia, While Scalamandre Buys Hinson/Donghia

Donghia filed for bankruptcy earlier this year

August 9, 2020

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Cary Kravet
Cary Kravet

BETHPAGE, N.Y. -- Kravet Inc., the largest U.S. fabric distributor, has bought the luxury brand Donghia, which filed for Chapter 7 bankruptcy earlier this year, according to Kravet President Cary Kravet.

As part of the deal, Kravet says the Hinson brand has been bought by Scalamandre, the high-end fabric wholesaler with headquarters in New York City. Its brands include Scalamandre, Old World Weavers, Grey Watkins, and Boris Kroll.


[Read more about Rubelli Buying Hinson Brand here: https://www.fabricsandfurnishings.com/fabric-features/Rubelli-Buys-Hinson-Brand-Certain-Designs-for-Product-Relaunch-2014-04-30.html ]

Kravet owns other high-end fabric brands, including Lee Jofa, Groundworks, GP & J Baker, and Brunschwig & Fils. The company has more than 600 employees and annual sales of $300 million to 400 million, according to Rocketreach.com, Zippia.com, and other company profile websites.

Kravet says details of the Donghia deal will be forthcoming.

In March, the Donghia New York showroom was closed and the staff laid off. The company was in debt for $10 million to $50 million, according to documents filed in Connecticut District Court.

[Read more about the Donghia bankruptcy here: https://www.fabricsandfurnishings.com/contract-hospitality-news/Donghia-Closes-New-York-Showroom-Files-for-Bankruptcy.html ]

Designer Angelo Donghia founded the company in 1968, which was bought in 2005 by the Rubelli Group, which included the European textile company and other investors.

Recently, top Donghia leaders changed: Jonathan Witmer was CEO in 2017; then Andrea Rubelli in 2018; and Cheryl Sterling in 2019.

[Read more about Witmer here: https://www.fabricsandfurnishings.com/contract-hospitality-news/Donghia-Closes-New-York-Showroom-Files-for-Bankruptcy.html ]

In September 2019, Andrea Rubelli celebrated a Shanghai exhibition with Donghia designs, which commemorated Tiffany’s 180th anniversary.

He said at the time that Donghia’s wholesale contract and residential U.S. division had been undergoing a complete reorganization. Andrea’s brother, Nicolo Rubelli, was supervising the reorganization.

Even so, Donghia filed in April for Chapter 7 bankruptcy, which usually leads to liquidation.

Rubelli, the historic Venice company, produces fabrics for both residential and contract markets. The brand portfolio includes, alongside Rubelli Venezia and Rubelli Casa, also the brand Dominique Kieffer By Rubelli, as well as the Armani Casa Exclusive Textiles By Rubelli license.






 


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