Based in Dallas, Frederick Eugene “Fritz” Mowery meets the financial needs of capital management clients as president and CIO of a capital management firm. He also guides Fibrenew South McKinney, a franchise operation of a rapidly expanding leather, vinyl, and plastic restoration brand. Fritz Mowery is part of a team that pairs innovative repair techniques with color-matching technologies. The firm maintains more than 260 locations worldwide.
In June 2021, Fibrenew broke new ground on a mobile repair service franchise in Saudi Arabia. The backdrop was one of sustained global consumer demand, with 20 new franchise partners added across the United States alone in the first half of the year. A core reason for this expansion is that Fibrenew enables people and businesses to save money on costly replacements of furniture and vehicles. The firm’s eco-friendly model not only protects consumers’ pocketbooks, but also recycles available resources. Fibrenew is part of a burgeoning, $841.5 billion maintenance and repair market.
Like all new franchise owners, the Saudi entrepreneurs who launched the Fibrenew business benefit from a dedicated support network. This includes hands-on training, workshops, and seminars, as well as proprietary, in-house technologies and products that enable high-quality home service operations. The franchise owners’ aim is to fill an important niche in an underserved market and expand residential and commercial furniture restoration possibilities across the Middle East.