Italian Editeur Rubelli Closes Donghia Purchase
May 2, 2005
NEW YORK, New York — After a year of dealing with the legal aspects of the sale of high-end wholesaler, Donghia, a group of shareholders has finally purchased the company from the Angelo Donghia Foundation.
The transaction was closed on Monday, May 2 by Rubelli, the high-end editeur and mill based in Venice, Italy and a group of shareholders which includes Sahco Hesslein of Germany and Seguso Virl, the oldest glassmaker in Venice. Sahco is partly owned by JAB, the large fabric wholesaler in Bielefeld, Germany.
In addition, Crans Baldwin has been named the new president of Donghia. Baldwin has been with the company since 1997.
Sherri Donghia, executive vice president & creative director of the company, will continue in her post, reporting to Baldwin.
Baldwin will also continue as the president and part owner of Bergamo. Rubelli also has a stake in Bergamo. However, Baldwin says he personally does not have an ownership stake in Donghia.
Based in Mount Vernon, New York, Bergamo is a high-end fabric wholesaler and exclusive distributor of the Rubelli collection in the U.S. including to the hospitality trade where it will be showing at the Hospitality Design exhibition this week in Las Vegas. Baldwin said that "Bergamo is now a "significant supplier, to high-end hospitality projects on a global basis."
Baldwin, a native of Chicago, has been in the New York-based contract industry for 25 years. Prior to joining Bergamo, he was the president of Cowtan & Tout, a high-end fabric wholesaler. Prior to that, he was senior vice president of Furniture Consultants, a large office furniture dealer. He has also held the position of vice president, sales for both Larsen and Ward Bennett Brickel.
The transaction was closed on Monday, May 2 by Rubelli, the high-end editeur and mill based in Venice, Italy and a group of shareholders which includes Sahco Hesslein of Germany and Seguso Virl, the oldest glassmaker in Venice. Sahco is partly owned by JAB, the large fabric wholesaler in Bielefeld, Germany.
In addition, Crans Baldwin has been named the new president of Donghia. Baldwin has been with the company since 1997.
Sherri Donghia, executive vice president & creative director of the company, will continue in her post, reporting to Baldwin.
Baldwin will also continue as the president and part owner of Bergamo. Rubelli also has a stake in Bergamo. However, Baldwin says he personally does not have an ownership stake in Donghia.
Based in Mount Vernon, New York, Bergamo is a high-end fabric wholesaler and exclusive distributor of the Rubelli collection in the U.S. including to the hospitality trade where it will be showing at the Hospitality Design exhibition this week in Las Vegas. Baldwin said that "Bergamo is now a "significant supplier, to high-end hospitality projects on a global basis."
Baldwin, a native of Chicago, has been in the New York-based contract industry for 25 years. Prior to joining Bergamo, he was the president of Cowtan & Tout, a high-end fabric wholesaler. Prior to that, he was senior vice president of Furniture Consultants, a large office furniture dealer. He has also held the position of vice president, sales for both Larsen and Ward Bennett Brickel.
