BasicNet news and archive

Permira acquires 40 percent stake in outdoor lifestyle brand K-Way

Private equity firm Permira has acquired a significant minority stake in K-Way, the entire share capital of which is currently owned by BasicNet. The company said in a release that while BasicNet will hold approximately 60 percent interest in K-Way, Permira through Permira Growth Opportunities II will become a shareholder with 40 percent stake....

Fashion

K-Way to debut eyewear with Marcolin

French fashion brand K-Way, owned by Turin-based group BasicNet SpA, known for its rain jackets, is venturing into eyewear with Marcolin. K-Way has signed an exclusive licensing agreement with Marcolin for the design, production, and worldwide distribution of K-Way brand sunglasses, optical frames, ski goggles and eyewear for kids. The six-year...

BusinessFeatured

K-Way partners with Bluebell Group to launch in Hong Kong

French outerwear brand K-Way is launching in the Hong Kong market in partnership with the Bluebell Group as part of its global expansion plans. K-Way, known for its windbreaker, lifestyle fashion and sportswear, will be launching its products to Hong Kong consumers with a local website, online k-way.com.hk, before opening a physical store in...

Business

BasicItalia acquires 61 percent stake in Kappa licensee

The BasicNet Group has announced that BasicItalia, the group’s brand licensee for Italy, has acquired 61 percent in Sport Finance S.A.S., the holding company of Kappa brand licensee companies in France, UK, Switzerland, Spain and Portugal. The company said, BasicItalia executed this deal partly through the acquisition of shares and partly...

Business

Wolverine Worldwide sells Sebago brand to BasicNet

Wolverine Worldwide has announced sale of its Sebago brand to BasicNet, S.p.A., an Italian corporation having a portfolio of brands including Kappa, Robe di Kappa, K-way, Superga and others. "We have recently completed a strategic review of our existing portfolio and have been exploring a variety of alternatives for some of our smaller brands...

Business

BasicNet Q1 sales increase 4.9 percent

The Board of Directors of BasicNet, in a meeting today chaired by Marco Boglione, reviewed the company’s first quarter commercial performance. Aggregate sales of the group brand products Kappa, Robe di Kappa, Superga, K-Way, Lanzera, Jesus Jeans, Sabelt and Briko of 198.8 million euros increased 4.9 percent on 189.4 million euros in the same...