All Kappa articles – Page 2
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News briefsBasicNet H1 Ebitda rises slightly
The Italian parent of Kappa, Robe di Kappa, K-Way, Superga, Sebago and other brands suffered a 31 percent decline in H1 net profit to €7.4 million as aggregate group brands revenues reached €558.3 million for the six months ended June 30. Ebitda was €22.6 million versus €22.4 million. Commercial ...
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News briefsChina Dongxiang increases Chinese Kappa sales in Q1
China Dongxiang, which has been publicly traded for 15 years and holds the rights to the Kappa brand in China, announced that retail sales at its Kappa and Kappa Kids stores - 1,020 doors at the end of the quarter, a decrease from the previous quarter of five stores - ...
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News briefsBasicNet FY22 Ebitda rises by 38 percent
The parent company of Kappa, Robe di Kappa, K-Way, Superga, Sebago and other brands reported a net profit of €11.2 million against earnings of €65.7 million for the 12 months ended Dec. 31, including a €60.9 million contribution from K-Way in the year-ago period. Annual Ebitda rose 38 percent to ...
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News briefsBasicNet posts 34% sales growth in 2022
BasicNet, the Italian parent for the Kappa, K-Way, Superga and Sebago brands, has reported preliminary results for 2022. Final results are due for release on March 9. Group brands’ aggregate sales rose 34.1 percent year-over-year to €1.27 billion in 2022. Commercial licensee and direct aggregate sales grew by 27 percent ...
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News briefsKappa introduces its first U.S. Ski & Snowboard collection
Kappa’s first U.S. Ski & Snowboard collection has hit the brand’s stores and related online outlets. The range – the activewear version of the race outfits worn by the athletes on the U.S. team – comprises a ski jacket and pants, a fleece sweater, an ultra-light ...
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News briefsChina Dongxiang reduces loss despite market challenges
China Dongxiang, which has been a publicly traded company for 15 years, lowered its net loss to 386 million yuan renminbi (€52.5m) from a loss of RMB 748 million for the six months ended Sept. 30. The six-month operating loss was RMB 392 million (€53.4m). Revenues dipped 8.9 percent to ...
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Infographics & DataFIFA World Cup 2022’s kit sponsors
These exclusive chart links the sportwear sponsors with their kits by national team for this year’s World Cup, in Qatar.
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News briefsKappa opens first Latin American store
Kappa has entered the Latin American retail scene starting from Colombia, with its first store in Bogotà. It was opened in partnership with the Pernine group and is located on the second floor of the La Colina shopping mall. Three more Kappa stores are reportedly expected to open in Colombia ...
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News briefsBasicNet reports strong 9-month results, awarding bonuses
BasicNet, the Italian parent for the Kappa, K-Way and Superga brands, generated a 31 percent increase in Ebitda to €44.1 million from €33.6 million for the nine months ended Sep. 30. Ebit increased 37 percent to €33.3 million over the period. A 30 percent improvement in consolidated revenues to €282.6 ...
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News briefsBasicNet’s H1 Ebit up 82 percent; working on Kappa re-organization
BasicNet’s group net income was €10.7 million against €4.1 million for the first half ended June 30. Ebit improved 82 percent to €15.5 million from €8.5 million in the year-ago period. Aggregate H1 group revenues rose by 28.2 percent to €567.9 million, with commercial licensee sales increasing 17.8 percent to ...
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ArticleChina Dongxiang posts annual loss on lower revenues
China Dongxiang lost 1,747 million yuan renminbi (€247.6m) against a profit of RMB 1,811 million for the 12 months ended March 31. Total annual revenues slipped by 2.7 percent to RMB 1,916 million (€271.6m) from RMB 1,970 million. The gross margin fell to 63.9 percent from 65.6 percent. Assets at ...
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News briefs
China Dongxiang sees sales slide in Q4, 2021
China Dongxiang reported a mid-single decline in retail sales at its Kappa and Kappa Kids’ stores in its fourth quarter ended March 31 with same-store sales down similarly. Full-year results were described as negative, with revenues down mid to high-single digits, as same-store sales declined 10 to 20 percent. The ...
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News briefsU.S. Customs detains goods from Li-Ning at border
Effective March 14, 2022, the U.S. Customs and Border Protection (CBP) has detained merchandise produced or manufactured by Li-Ning at all U.S. ports of entry. The measure is the result of an investigation by the CBP indicating Li-Ning uses North Korean slave labor in its supply chain. In the statement, ...
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ArticleBasicNet sees significant sales growth in Q4
BasicNet said it posted “significant” growth at the end of 2021, with consolidated revenues in the fourth quarter jumping by 26.5 percent from the year-earlier period to €80.0 million, marking an improvement of over 14 percent on 2019. BasicNet, the Italian-based parent company for brands such as Kappa, K-Way, Superga ...
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News briefs
Kappa has not been doing well in China
China Dongxiang struggled with the Kappa brand, for which it holds the rights in China, during the third quarter ended Dec. 31. The company indicated that retail revenues at Kappa and Kappa Kids stores in China declined by the mid-teens during the period, and that they were off by a ...
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News briefs
China Dongxiang’s Kappa sales dip
In contrast with other Chinese sportswear companies, China Dongxiang reported a mid-to-high-teens decline at its Kappa and Kappa Kids stores for its second quarter ended Sept. 30, with a mid-to-low single-digit drop on a same store basis. For the first half of the company’s financial year, sales were off by ...
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ArticleBasicNet posts double-digit sales increases in H1, approves multi-voting rights for longterm shareholders
BasicNet, the parent company of Kappa, Superga, Sebago, K-Way, Briko and other brands, has reported aggregated wholesale-equivalent sales of group products of €443 million in the first half of 2021, representing a 20.5 percent increase as compared to the same period last year. The figure includes commercial licensees’ sales of ...
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News briefs
Schmidt adds the Kappa license for Austria
The German Schmidt Group, which has been the licensee of Kappa for Germany since 1999, is taking over the license to the Italian brand for the Austrian market from Alois Wild, adding shoes to the range sold in the country. The Schmidt Group is also Kappa’s licensee for Poland since ...
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News briefs
Naples' football club plans to create its own jerseys
After the expiration of its sponsorship contract with Kappa, which had taken the place of Macron, the S.S.C. Napoli football club had not unveiled any new kit partner. The Serie A club has now announced that it is planning to drop any technical sponsors and produce its own jerseys from ...
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Article
Big profit on investments lifts China Dongxiang’s results
A 269 percent gain in investment income boosted operating and net earnings at China Dongxiang for the financial year ended March 31. While its revenues went up by 27.8 percent to 1,970 million yuan remimbi (€255.0m-$304.5m), the Chinese sportswear company’s net income showed a fourfold increase to RMB 1,811 million ...
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