German Editeurs Are Finding Things Very Tough Indeed As They Seek Restructuring and the Local Courts for Salvation
NEW YORK—As the world heads to Proposte for the annual showing of European suppliers, German editeurs are battling difficult market conditions in the wake of declining sales and poor reorders leaving their vendors and agents out of luck… Read more.March 15, 2018
Sahco Hesslein Files Voluntary Bankruptcy
NUREMBERG, FDR—Sahco Hesslein, the small German editeur based here has filed for insolvency as of February 8, just two weeks after another German editeur, Nya Nordiska found itself in similar financial straits. “It’s not Germany but… Read more.March 15, 2018
Larry Kravet, Design Industry Icon, Passes at 92
BETHPAGE, NY—Larry Kravet died peacefully in his bed at home with his family by his side on Wednesday, March 7. He transformed a small, local fabric jobber into Kravet Inc. - North America’s largest integrated ‘to the trade’ wholesaler… Read more.March 9, 2018
M. L. Arora founder of Dicitex Furnishings, 75
MUMBAI—M.L. Arora, the founder of Dicitex Furnishings Pvt. was born August 18, 1942 and passed August 28, 2017. Arora left his native village in Punjab India as a school kid in order to relocate to Mumbai. He was unable to continue his… Read more.March 1, 2018
MoOD Sold to Easyfairs
BRUSSELS—Easyfairs, a Brussels based trade show organizer has purchased MoOD, the annual decorative fabrics, window covering, upholstery and wall covering exhibition from Textirama. The current management headed by Patrick Geysels will… Read more.February 22, 2018
Zhongwang Pulls Plug on European Division;
BRUSSELS, BELGIUM--After four months on the market, Z-Wovens Europe has ceased operations under Guy Parmentier due to the high cost of developing new designs for the European market in the face of disappointing orders. The first collection… Read more.February 20, 2018
Nya Nordiska Voluntarily Reorganizes Business,
DANNENBERG, FDR—Nya Nordiska, a medium sized German editeur, filed for protection under the Germany bankruptcy laws February 2 according to a letter sent to its suppliers by Remo Rentgen, CEO. The move to reorganize was made to “adapt… Read more.February 12, 2018
