Frey snaps up Fadini
May 7, 2004,
PARIS — Pierre Frey has acquired Boussac Fadini which has been in receivership here since January.
The acquisition, approved by the Commercial Court last month, “gives Pierre Frey a presence in the silk sector via Fadini Borghi” as well as the extensive decorative and fire-resistant fabric collection from Boussac, said Patrick Frey, son of the founder and chairman of the group.
The new group will have five brands, Frey said: silks by Fadini Borghi, an Italian line ranging from voiles to velvets to jacquards; classic fabrics from Braquenie, acquired by Pierre Frey in 1991; contemporary fabrics from Pierre Frey; the Boussac collection with its origins dating back to 1762; and a very broad selection from Romanex.
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