South Korea’s E.Land World buys US footwear maker K-Swiss

Korea's retailer E.Land World buys the famous US footwear company, best known for its all-leather tennis shoe.

South Korea’s E.Land World buys US footwear maker K-Swiss
The K-Swiss Classic

South Korean retailer E.Land World announced yesterday it would buy all the outstanding common stock of US footwear maker K-Swiss for $4.75 a share in cash, or a total equity value of about $170 million.

K-Swiss was founded more than 40 years ago in Van Nuys, California, and is listed on Nasdaq. It is perhaps best known for having introduced the first all-leather tennis shoe, the K-Swiss Classic, in 1966.

E.Land ...

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