Italian menswear brand CP Company has been acquired by Tristate Holdings, a Hong Kong Stock Exchange-listed firm that specialises in technical and premium sportswear and garment manufacturing.
CP Company, which was founded in 1975 by Italian designer Massimo Osti, was sold for an undisclosed amount by FG Industry. The Italian company, headed by former stylist and designer Enzo Fusco, has held the brand since 2010.
Tristate said it will maintain the existing core product team including creative directors Paul Harvey and Alessandro Pungetti, product manager Stefano Polato and managing director Massimiliano Tosi. Lorenzo Osti, the founder’s son, has been appointed as a new shareholder and marketing director.
FGF Industry said it will support CP Company’s style department for the next two seasons through the transfer of ownership, to provide a smooth transition of the brand’s development.
CP Company celebrated its 40th anniversary this year.