BERLIN — Hugo Boss has sold its Munich, Germany-based men's wear units Baldessarini GmbH & Co. KG and Baldessarini Design und Verwaltungs-GmbH to Werner Baldessarini, effective Sept. 1.
In January, Boss said it was discontinuing Baldessarini, its small, top-of-the-line men's wear collection, after delivery of the spring 2007 collection. Last year, the brand generated sales of 17.4 million euros, or $22.3 million at current exchange rates, out of total Boss Group sales of 1.3 billion euros, or $1.7 billion. There are currently five Baldessarini stores and the collection is carried by approximately 100 retailers.
Terms of the deal with Baldessarini, Boss' chief executive officer until 2002 and, prior to that, the group's long-term design chief, were not disclosed. Boss said the sale will not affect Baldessarini fragrances, which are under license to Procter & Gamble.
Baldessarini was not available for comment, but press reports said he is looking for investors to build up his signature brand business.
@moncler unveiled its latest project, #MonclerGenius, yesterday at Milan Fashion Week. The Italian outwear maker gave show-goers a preview of the monthly collections – which were created by eight designers and creative talents including Pierpaolo Piccioli, Simone Rocha, Craig Green and more – that will start rolling out in the summer.
In honor of Rihanna’s 30th birthday, we took a look back at an interview with the Barbados-native when she was just 18 years old. Here, she talked about her second album, “A Girl Like Me” in 2006. “I want to be me. I want people to fall in love with who Rihanna is, and that’s why I want the album to be about me so people can really find out who this girl Rihanna is, because they only know the ‘Pon de Replay’ girl.” Fast forward 12 years, and she’s released six more albums and has become a powerhouse in both the fashion and music industries. Happy birthday, @badgalriri 🎈(📷: Pavel Antonov) #wwdarchive