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Kappa owner seals deal for Sebago brand

02/08/2017
Kappa owner seals deal for Sebago brand

Footwear group Wolverine Worldwide has announced it has completed the sale of its Sebago brand to BasicNet, an Italian group that owns sportswear manufacturer Kappa. It gave no indication of the value of the deal. The chairman and chief executive of Wolverine, Blake Krueger, said the sale came after a “strategic review” of the group’s brand...

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