11 Sep. 2007
CITIZENS OF HUMANITY ACQUIRES GOLDSIGNPremium denim brand Citizens of Humanity (citizensofhumanity.com) announced on Monday that it has acquired Adriano Goldschmied’s high-end denim brand GoldSign and its laboratory and laundry facility, Laundry Atelier.
As part of the deal, Goldschmied, a denim legend who has helped create such brands as Diesel, Replay and AG Adriano Goldschmied, will join Citizens of Humanity as a partner and executive vice president of product development. He will also continue to design GoldSign.
"Adriano has long been a mentor to me and his mastery of denim is unparalleled," said Citizens of Humanity CEO and founder Jerome Dahan in a written statement. "The premium denim industry simply would not exist without Adriano. He possesses an endless curiosity for the ways in which denim can be rendered. Adriano is a true artist."
Citizens of Humanity said it will be able develop proprietary processes and thus increase flexibility and capacity with the acquisition of Laundry Atelier.
The financial terms of the deal were not disclosed.
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