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The global fashion business journal

Dec 14, 201911:15am

Superga’s owner sales jump by 55.2% in the first nine months

BasicNet had a revenue of 235.8 million euros between January and September. Group’s revenues skyrocketed after the acquisition of Sport Finance.

Nov 12, 2019 — 9:00pm
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Superga’s owner jumps sales by 55.2% in the first nine months

 

 

BasicNet closes the first nine months on the rise. The Italian company, which owns companies such as Superga or Kappa, has ended the period with sales of 235.8 million euros, 55.2% more than in the same period last year. By the end of the year, BasicNet has explained that “positive management performance is expected.”

 

The company has stated that the evolution of its results is due to the acquisition of Sport Finance. Without this deal, the group’s sales would have experienced an 18.1% growth between January and September.

 

The American market was the one with the best performance in the period, with a 50% increase. In Europe, the company’s sales increased by 22.5% while in the Middle East and Asia the increase was 43%.

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