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

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 ...

To continue reading, please login or register for free

Click for more on: eland world | kswiss | buys

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...