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Wolverine Worldwide sells Sebago brand to BasicNet

Wolverine Worldwide has announced sale of its Sebago brand to BasicNet, S.p.A., an Italian corporation having a portfolio of brands including Kappa, Robe di Kappa, K-way, Superga and others. "We have recently completed a strategic review of our existing portfolio and have been exploring a variety of alternatives for some of our smaller brands...

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