The owners of Sportswear Company SpA have sold their C.P. Company division to FGF Industry SpA, the company owned by designer-entrepreneur Enzo Fusco, who produces and distributes Blauer USA, BPD, Design by Enzo Fusco and Sweet Years. Sportswear Company, owned by siblings Carlo and Cristina Rivetti, retains ownership of its Stone Island brand.
The operational handover will take effect with the spring 2011 collection. WWD first reported that C.P. Company was on the block last month. Founded in 1975 by Italian designer Massimo Osti, C.P. Company built a cult following with its military-inspired silhouettes and customized textile treatments. Last spring, Rivetti appointed Wallace Faulds, a deputy of John Galliano, as its designer. The brand shows in Milan.