Fashion
BasicNet acquires American brand Sundek
Published
December 4, 2025
BasicNet has made its second acquisition in the space of a month. After acquiring Woolrich, the Piedmont-based group, which also owns Sebago and K-Way, has brought another iconic American brand, Sundek, into its fold. In addition to the beachwear brand, the deal also involves 100% of Kickoff, the current holder and operator of Sundek, which is controlled by Winnie S.r.l.
The enterprise value of the Kickoff group — which also includes Kickoff USA Inc., Kickoff SL and Kickoff France SAS — has been set at €33.5 million. After deducting the financial position — including bank debt, tax liabilities and amounts owed to the shareholder — the initial consideration for the transaction comes to approximately €10 million.
Completion of the transaction, which is not subject to conditions precedent, is expected by the end of December; this amount may nevertheless be subject to standard adjustments based on the final calculation of the net financial position.
“The group’s expansion trajectory continues, and acquisitions are a strategic focus; we will now concentrate on integrating these two companies and relaunching these two extraordinary brands. We welcome another historic American brand, with seventy years of history, deeply rooted in the culture and customs (in every sense of the term) of the Italian market and beyond. It’s a brand that we’ve always appreciated, that we have personally used and that, like others in our group, is recognisable from afar,” say BasicNet co-CEOs Lorenzo Boglione and Alessandro Boglione.
The initial consideration will be paid in full through the transfer of treasury shares already in the portfolio, valued at the average market price over the last six months (i.e., around 1386 million shares, valued at €7.22 each).
The treasury shares delivered by BasicNet to the counterparty, as part of the initial consideration, will be subject to a 36-month lock-up period from the date of completion of the acquisition, with partial releases from the second year onwards.
In addition to the initial consideration, one or two earn-outs — each amounting to €5 million, up to a total of €10 million — may also be payable by BasicNet if revenue thresholds for the Sundek brand are exceeded in any of the financial years after 2025 and up to the year ending 31 December 2030.
BasicNet has not taken on any new debt to finance the acquisition, but confirms that it plans to refinance the Kickoff group’s existing medium- and long-term facilities.
The Kickoff group, which closed the 2024 financial year with sales of €27.6 million and EBITDA of €6.8 million, has 27 single-brand stores in Italy, including eight outlets, as well as seven single-brand stores in Spain, France and the United States.
This article is an automatic translation.
Click here to read the original article.
Copyright © 2025 FashionNetwork.com All rights reserved.
Fashion
Source Fashion booms with focus on sustainable production
Published
January 19, 2026
Source Fashion wrapped up last week at London’s Olympia with strong momentum as visitor numbers rose 16% while exhibitor numbers were up 12%. It was busy and buzzing with plenty of special attractions as well as the serious side — meeting buyers and writing orders.
That was both a reflection of the importance of trade shows in Europe generally and of the strength of Source itself that has carved out its place as Europe’s leading sourcing event.
Buying teams visiting the event included the big players such as M&S, Next, New Look, Tesco, N Brown, ASOS, Boohoo, Harrods, and Universal Music, as well as a host of smaller but still important names. Think Lucy & Yak, Joseph, Temperley London, Oliver Bonas, Hawes & Curtis, Agent Provocateur, Rat & Boa, AYBL and more.
UK manufacturing isn’t dead
Bethany Davy-Day, Creative and Operations Director at Fashion Enter said: “It’s been a great show so far. We’ve hosted two upcycling workshops today, and it’s been encouraging to see strong interest from a mix of e-tailers, retailers and start-up brands, all keen to explore UK manufacturing. As a not-for-profit social enterprise specialising in sustainable manufacturing in North London, it’s been valuable to connect with brands at every stage of growth.”

There may be a widely held belief that Britain is no longer a manufacturing hub but the British Pavilion was a big draw at the show as companies focus on more sustainable ways of getting their products to market. The organisers cited exhibitors seeing “high-quality conversations, new commercial leads and a growing appetite from both start-ups and established brands to explore British production”.
Stacey Ohanian at Apparel Tasker, which also featured on the show’s catwalk, said that “we’ve had really positive conversations with start-ups and growing brands who are increasingly interested in working with British manufacturers, and we’ve been able to change perceptions around the cost and value of producing locally. We’ve made a lot of valuable contacts”.
And Colin Spender Halsey, CEO of The Natural Fibre Company, showing for the second time, hailed the “quality of visitors [that] has been even stronger this year. What’s been particularly encouraging is the growing interest in British manufacturing. Many of the visitors we’ve spoken to are actively looking to work with UK manufacturers, with traceability, sustainability and ‘Made in Britain’ increasingly high on the agenda. While we recognise the commercial challenges of producing locally, even small increases in business can make a significant difference to companies like ours”.
Outside of the British Pavilion, the wider show floor was also busy. Katherine O’Driscoll, co-founder of SP & KO, said the company “had a really strong show… the best Source Fashion yet for us. The event has been incredibly busy from start to finish, with fantastic engagement and a steady flow of meaningful conversations. We’ve generated some great leads and already confirmed new contracts, and it’s been particularly encouraging to see so many start-ups and independent designers attending”.
That view was echoed by Ivan Tang and Sandy Chang, respectively MD and business development head at South Enterprises. In their second show, they said they saw “even more traffic” having met “a wide range of new brands, from early-stage start-ups to more established businesses. What’s been particularly positive is seeing how much more focused and informed many brands are, with a growing interest in sourcing more sustainable fibres. There’s a real sense of optimism”.
Sustainability hub
Even director Suzanne Ellingham highlighted the direction the industry is moving in: “What is really encouraging is seeing the direct action that brands and retailers really are looking to bring production closer to home, this is the first time in a few years that we have felt that this is really happening. Alongside responsible sourcing and manufacturing, there is a growing appetite to address what happens at the end of a product’s life.

“Looking ahead, we want Source Fashion to be a place where brands can explore end-of-life materials, deadstock and remanufacturing, supporting circular solutions that create value, jobs and opportunity without relying on volume. That focus on transparency, lifecycle thinking and collaboration will continue to shape how the show evolves into its next edition.”
‘Edutainment’
Apart from the business that was done at the show, there was plenty to both entertain and educate with the content programme a big draw.
There were strong audiences across Source Fashion’s content stages, with supply chain accountability, circular business models, repair and longevity, craft-led production and future sourcing strategies, all on the agenda.

Particularly interesting was a discussion hosted by Simon Platt focusing on supplier collaboration, material innovation and the role of long-term partnerships. Meanwhile, another session challenged brands and buyers to consider how reduced production, alternative value models and craft-led approaches could play a role in building a more resilient fashion industry.
And data-led insight into the commercial outlook for fashion came courtesy of Euromonitor.
That session outlined how “shifting consumer behaviour, commodity pressures and demand for value, quality and sustainability are reshaping the market”. It also highlighted growth opportunities across sportswear- and wellness-driven categories.
A big draw as well was Fashion Deconstructed, which debuted as a hands-on area “designed to shine a light on the skills, processes and people behind fashion production”. That meant live demos, workshops and maker-led sessions, with visitors able to step inside the making process, from repair and upcycling to weaving and circular material innovation.
Copyright © 2026 FashionNetwork.com All rights reserved.
Fashion
Are Bangladesh RMG stakeholders divided on the Indian yarn duty issue?
Cheap, quick and dependable, Indian yarn, many feel, contributed significantly in turning Bangladesh into a sourcing hub for the world’s biggest fashion brands. But what once looked like a win-win arrangement is now threatening to unravel and at the heart of the current storm is a proposal to slap a ** per cent safeguard duty on yarn imports from India, ostensibly to protect Bangladesh’s domestic spinning mills, which seem to has snowballed into a major bone of contention between the stakeholders, if recent media reports are to be believed, which claimed the garment manufacturers and the textile mill owners took a contrary position on the issue.
Spinning mill owners argue that they are being squeezed to the wall by Indian competitors who, they claim, enjoy generous government incentives at home and therefore export yarn into Bangladesh at prices local producers simply cannot match. The result, they say, is declining sales, mounting losses and, in some cases, shuttered mills. From their perspective, the safeguard duty is not protectionism but survival. Without some kind of barrier, they argue, Bangladesh risks hollowing out a key segment of its industrial base.
Fashion
UK’s Burberry marks 170 years with Gabardine Capsule launch
Burberry has unveiled its new Gabardine Capsule, celebrating 170 years of the British luxury house. The capsule honours the revolutionary fabric, Gabardine, invented in 1879 by Thomas Burberry, whose weather-resistant properties have defined the brand’s outerwear heritage for nearly 150 years. Worn by explorers and everyday adventurers alike, gabardine remains central to Burberry’s identity.
Burberry has launched its Gabardine Capsule to mark 170 years, celebrating its iconic weather-resistant fabric invented by Thomas Burberry in 1879.
The range reworks parkas, bombers and quilted jackets in brushed cotton nylon gabardine, alongside knitwear and jersey layering pieces.
A heritage label inspired by a 1993 campaign highlights the brand’s countryside roots.
Reimagining signature outerwear styles, the collection features parkas, down-filled jackets, quilted silhouettes, Harringtons and bombers crafted in brushed cotton nylon gabardine. These pieces are dyed in a capsule palette of hamper beige and juniper green.
Layering pieces include chunky ribbed wool-cashmere knitwear and soft cotton melange hoodies, jogging pants and T-shirts. Many styles are detailed with gabardine panels and trench-inspired elements, such as the brand’s signature epaulettes, Burberry said in a release.
Reflecting Burberry’s enduring connection to the countryside and outdoor pursuits, the capsule introduces a specially designed label inspired by an archival 1993 campaign reading: ‘Burberrys grew out of country life.’ The label appears stitched inside coats and jackets, appliqued on jersey styles and rendered as an intarsia motif on knitwear.
Fibre2Fashion News Desk (HU)
-
Tech7 days agoNew Proposed Legislation Would Let Self-Driving Cars Operate in New York State
-
Sports1 week agoClock is ticking for Frank at Spurs, with dwindling evidence he deserves extra time
-
Entertainment6 days agoX (formerly Twitter) recovers after brief global outage affects thousands
-
Fashion1 week agoSouth India cotton yarn gains but market unease over US tariff fears
-
Fashion1 week agoChina’s central bank conducts $157-bn outright reverse repo operation
-
Sports1 week agoUS figure skating power couple makes history with record breaking seventh national championship
-
Sports4 days agoPak-Australia T20 series tickets sale to begin tomorrow – SUCH TV
-
Business1 week agoModern seafood processing zone planned at Korangi harbour | The Express Tribune
