Overview
- BasicNet agreed to buy the European rights to Woolrich and 100% of Woolrich Europe from L‑Gam, with closing targeted by December 2025.
- The consideration mixes cash with 1.2 million BasicNet shares that will be subject to a 24‑month lock‑up.
- Coverage cites conflicting values for the share component, reporting either about €12 million or €40 million.
- Unicredit arranged refinancing of roughly €50 million in exposures as part of a transaction valued at €90 million.
- Cash proceeds are largely earmarked to wind down activities excluded from the perimeter, as BasicNet readies a European relaunch while Baoxiniao retains rights outside Europe.