By Maria Cristina Pavarini

C. P. Company has a new owner – the Tristate Holding Limited, a high-quality specialized garment manufacturer from Hong Kong.

Tristate was founded in 1937 and is now an advanced apparel manufacturer producing for both upmarket sportswear brands and international pret-à-porter brands. The company also manages distribution agreements in Asia for international brands including Nautica and Jack Wolfskin. Tristate Holding is listed on the Hong Kong stock exchange and registers yearly sales of about USD300 million. It produces according to advanced technical criteria and is managed by president and owner Peter Wang.

C. P. Company was founded in 1975 by designer Massimo Osti and owned by Carlo Rivetti’s SPW Company until 2010. In that year Enzo Fusco, owner of FGF Group, bought the brand but, very likely, didn’t reach the goals he expected from his relaunch. In fact, in the last few months there were voices circulating that Fusco had put the brand up for sale.

“I had heard that C.P. Company was on sale and so I put Mr. Peter Wang in contact with Mr. Fusco. I would have never done it if I had not met Mr. Wang years ago and had tested all his competence, product expertise and serious approach in managing his work,” continues Lorenzo Osti, who manages his own digital marketing company, is president to his father’s archive company Massimo Osti Srl and was newly named marketing consultant and a minority quota shareholder of the new company.

For C.P. Company’s relaunch a new R&D and product design company – Trinovation Italy - will open near Padoa and will work for about one year in close collaboration with FGF Group. Stefano Polato, historical product manager of the brand, will work for the new structure as well as designers Paul Harvey and Alesandro Pungetti, previously working for FGF. The brand’s new head office, Tristate International SA, will be based in Lugano, Switzerland and will be managed by president Massimiliano Tosi, formerly working for Napapijri and other projects including Ma.Strum and Japanese skiwear and sportswear brand Descente.

The first completely independent and new collection will debut in June 2016 for s/s 2017. “After this delicate transition phase we will also start our distribution policy by selling the brand to the UK, a historical key market, Northern Europe, Korea and Japan. This country will work as a bridge through which we will also expand in South Eastern Asia, where Tristate Holding has solid distribution roots. Plus, from 2017, we will also start opening monobrand stores,” explained Tosi.