BasicNet Group, the agreement will have important consequences on economic, financial and equity results, both in terms of net gain realized, close on the sales value, and consolidation of net equity as well as making a major contribution to the financial position.
The turnover in April and the orders backlog for the autumn/winter season – commented Franco Spalla, BasicNet's CEO - are confirming the growth trend”.
“The figures for the first half of the year – continued Spalla –, while still being affected by investments connected to the relaunch of the new K-Way and Superrga brands, will be positive thanks to benefits arising from the major transaction completed on the Chinese market”.
BasicNet SpA, headquartered in Turin, is the owner of the Kappa, Robe di Kappa, Jesus Jeans, and K-Way brands, as well as holding the international license for the Superga brand. The Group, a leader in the production and merchandising of sport and leisure apparel, is also active in the sector of sport and leisure footwear, and the parent company has been listed on the Italian Stock Exchange since November 17th 1999.
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