Latest news with #BasicNet
Fashion Network
a day ago
- Business
- Fashion Network
K-Way names Marco D'Avanzo head of international business
K-Way has hired an outerwear expert to spearhead the next phase of its international expansion drive. The France-born brand, now owned by Italian group BasicNet, has recently appointed Marco D'Avanzo as chief international business officer. D'Avanzo comes from Canadian high-end outerwear brand Moose Knuckles, which he joined in 2016 as executive vice-president global sales, based in Milan. He will still be based in Milan in his new role at K-Way. In the course of his career, D'Avanzo has worked at Woolrich, Guess, Versace and Benetton, and has now joined a thriving, growing sportswear brand. K-Way is, alongside Kappa, one of the mainstays of BasicNet, which still holds a 60% stake in the brand, while the remaining 40% was acquired at the end of last year by investment firm Permira, via its Permira Growth Opportunities II investment fund. K-Way has a strong market position in Europe, notably in France and Italy, and is positioned in the premium segment. Last year, K-Way dropped a first collaboration with US label Ulla Johnson, which was showing in New York. Previous collaborations for K-Way include names like Play Comme des Garçons, Maison Kitsuné, Soeur, Diemme, Tiny Cottons and Agnès b. They have all contributed to boosting K-Way's visibility, as it aims to enter new markets. In 2024, BasicNet reported that the total business volume generated by its brands was in the region of €1.19 billion, three quarters of which was produced in Europe.
Fashion Network
2 days ago
- Business
- Fashion Network
K-Way names Marco D'Avanzo head of international business
K-Way has hired an outerwear expert to spearhead the next phase of its international expansion drive. The France-born brand, now owned by Italian group BasicNet, has recently appointed Marco D'Avanzo as chief international business officer. D'Avanzo comes from Canadian high-end outerwear brand Moose Knuckles, which he joined in 2016 as executive vice-president global sales, based in Milan. He will still be based in Milan in his new role at K-Way. In the course of his career, D'Avanzo has worked at Woolrich, Guess, Versace and Benetton, and has now joined a thriving, growing sportswear brand. K-Way is, alongside Kappa, one of the mainstays of BasicNet, which still holds a 60% stake in the brand, while the remaining 40% was acquired at the end of last year by investment firm Permira, via its Permira Growth Opportunities II investment fund. K-Way has a strong market position in Europe, notably in France and Italy, and is positioned in the premium segment. Last year, K-Way dropped a first collaboration with US label Ulla Johnson, which was showing in New York. Previous collaborations for K-Way include names like Play Comme des Garçons, Maison Kitsuné, Soeur, Diemme, Tiny Cottons and Agnès b. They have all contributed to boosting K-Way's visibility, as it aims to enter new markets. In 2024, BasicNet reported that the total business volume generated by its brands was in the region of €1.19 billion, three quarters of which was produced in Europe.
Fashion Network
2 days ago
- Business
- Fashion Network
K-Way names Marco D'Avanzo head of international business
K-Way has hired an outerwear expert to spearhead the next phase of its international expansion drive. The France-born brand, now owned by Italian group BasicNet, has recently appointed Marco D'Avanzo as chief international business officer. D'Avanzo comes from Canadian high-end outerwear brand Moose Knuckles, which he joined in 2016 as executive vice-president global sales, based in Milan. He will still be based in Milan in his new role at K-Way. In the course of his career, D'Avanzo has worked at Woolrich, Guess, Versace and Benetton, and has now joined a thriving, growing sportswear brand. K-Way is, alongside Kappa, one of the mainstays of BasicNet, which still holds a 60% stake in the brand, while the remaining 40% was acquired at the end of last year by investment firm Permira, via its Permira Growth Opportunities II investment fund. K-Way has a strong market position in Europe, notably in France and Italy, and is positioned in the premium segment. Last year, K-Way dropped a first collaboration with US label Ulla Johnson, which was showing in New York. Previous collaborations for K-Way include names like Play Comme des Garçons, Maison Kitsuné, Soeur, Diemme, Tiny Cottons and Agnès b. They have all contributed to boosting K-Way's visibility, as it aims to enter new markets. In 2024, BasicNet reported that the total business volume generated by its brands was in the region of €1.19 billion, three quarters of which was produced in Europe.
Fashion Network
21-04-2025
- Business
- Fashion Network
Alessandro and Lorenzo Boglione named co-CEOs of BasicNet, parent company of K-Way and Superga
The Italian fashion and lifestyle group BasicNet has named Alessandro and Lorenzo Boglione its new co-chief executive officers. The announcement was made during the company's annual shareholders' meeting on April 17 in Turin. The leadership transition marks the end of Federico Trono's tenure as CEO after two terms. "Today marks the successful close of Federico Trono's two-term tenure as CEO," said Marco Boglione, founder and chairman of BasicNet. "His contribution has been essential to the group's growth and development, and instrumental in ensuring a smooth operational transition for our two new CEOs. We extend our deepest thanks to Federico Trono, confident that he will continue to offer valuable insights through the strategic roles he will maintain within the group." The newly appointed co-CEOs, Alessandro and Lorenzo Boglione, are part of the family behind BasicNet and have held leadership roles within the company for several years. Before this new position, both served as the group's vice presidents. "This appointment carries great responsibility, but above all, it signals continuity with the values and vision that have guided BasicNet since its inception. It's a generational handover we embrace with enthusiasm, aware of the work ahead and the challenges to come," the Boglione brothers told During the meeting, the board also approved BasicNet's 2024 financial results. The company reported annual revenue of €409.2 million, a 3.1% increase over 2023. Shareholders approved a dividend payout of €0.16 per share and authorized a share buyback program without a time limit. Daniela Ovazza was also appointed as non-executive vice chair of the board. Headquartered in Turin, Italy, BasicNet operates a portfolio of globally recognized fashion and sportswear brands. These include Kappa, known for its athletic apparel; Superga, a footwear label famed for its classic canvas sneakers; K-Way, known for foldable rain jackets; and others like Sebago, Briko, Robe di Kappa, Jesus Jeans, and Sabelt.
