Kappa'S Parent Company Bought The American Sailing Shoes Brand Sebago.

According to the world clothing shoes and hat network understanding, August 2nd, Italy famous sports leisure

The manufacturer is the parent company of Kappa and "Xiao Bai shoes" Superga BasicNet S.p.A S.p.A and Wolverine World Wide, a listed Footwear Company of the US NYSE, Inc. bought the latter's us for $14 million 250 thousand.

The brand Sebago has signed the relevant agreement. Sebago will become another big leisure sports shoes of BasicNet S.p.A.

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BasicNet S.p.A originated from Calzificio Torinese, founded in Turin, Italy in 1916. It was mainly engaged in the production and sale of socks at the beginning.

Through the hardships and subsequent years of expansion during the two World War, the group formed eventually and was listed on the Italy stock exchange in 1999.

The group has sports and leisure wear brand Kappa and Robe di Kappa, Italy national canvas shoes brand Superga, outdoor sports brand K-way, denim brand Jesus Jeans, high-end footwear brand Sabelt, sports shoes sports shoes brand Lanzera and professional sports apparel and equipment brand Briko.

BasicNet S.p.A core financial data for the first half of 2017 are as follows:

Under the global business and production authorization agreement, sales revenue generated by third parties reached 373 million euros, an increase of 3.5% over the same period last year.

The group's own licensing and procurement commission (i.e., the revenue authorized to authorize third party producers to purchase materials) is about 24 million 400 thousand euros, up 5.3% from the same period last year, and the direct selling revenue is about 6011 euro, which is 3% lower than that of the previous year.

The profit before interest tax depreciation and amortization EBITDA is about 8 million 500 thousand euros, a decrease of 15% compared with the same period last year.

Net profit was 3 million 500 thousand euros, a decrease of 31.4% over the same period last year.

Regional market: sales in the US in the first half of 2017 increased by 24.4% compared with the same period last year, while the European market grew by 8.5%. The Asian and Middle East markets suffered a decline in sales.

In the 2016 fiscal year ended December 31, 2016, the core financial data of BasicNet S.p.A are as follows:

Under the global business and production authorization agreement, the sales revenue generated by third parties is 740 million euros (of which the authorized revenue is 532 million 700 thousand euros, accounting for 72%, and the authorized revenue is 2.073 billion euros, accounting for 28%), which is 1.3% higher than that in 2015.

The group's own royalty and procurement commission (i.e., the revenue authorized to authorize third party producers to purchase materials) is about 46 million euros, and the group's direct sales revenue is about 135 million euros.

The profit before interest tax depreciation and amortization EBITDA is about 21 million 500 thousand euros, a decrease of about 33% compared with the same period last year.

Group net profit of about 10 million euros, a year-on-year decrease of 5%;

Diluted earnings per share were 0.184 euros, down 37.7% compared to the same period last year.

The Sebago brand was founded in 1946 and is well known for its leather shoes and sailboat shoes. Its products are sold in more than 90 countries around the world.

Marco Boglione, founder and President of BasicNet S.p.A group, said: "Sebago is a classic brand of sports shoes. Its products are strong and very iconic. These characteristics coincide with our group's strategy and can fill the gaps in our product line.

For expanding our global business authorization and production authorization network, the acquisition of Sebago is a great opportunity. "

Marco Boglione added: "Sebago has an annual sales volume of about $27 million and has great potential for growth.

It is one of the most important brands that BasicNet S.p.A has acquired so far.

After the completion of the acquisition, the primary task is to complete the integration of the brand, whether at the production level or at our business level. "

After the completion of the acquisition, BasicNet S.p.A will complete the integration of this brand with American blood as soon as possible, so that it can be integrated into the BasicNet S.p.A's product system and business mode.

BasicNet S.p.A completed the paction through its subsidiary TOS S.r.l., with a total purchase amount of US $14 million 250 thousand (about 12 million euros).

In addition, BasicNet S.p.A and Wolverine World Wide and Inc. also signed another cooperation agreement valid until the end of 2017 to ensure the relevant interests of the original international customers of the brand during the pition period of the paction.

According to the world clothing shoes and hats net, in this acquisition, BasicNet S.p.A has obtained the MPS Capital Services Banca per Le Imprese Italy Siena bank enterprise capital service company to provide 13 million euros loan assistance.

About Wolverine World Wide, Inc.

Founded in 1883 by G. A. Krause and Fredrick Hirth, the company is headquartered in Rockford, Michigan, USA.

Engaged in the design, production and sales of sports shoes, clothing and accessories, and products are sold in more than 200 countries around the world.

Its own brands include Bates, Chaco, HyTest, Hush Puppies, Keds, Merrell, Saucony, Sebago, Soft Style, Style, Sebago, Saucony, and so on.

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