News

K-Swiss sells Royal Elastics

06/05/2009

Athletic footwear producer K-Swiss has completed the sale of Royal Elastics, the company's laceless fashion footwear brand, to REH, an investment group led by Royal Elastics' LA-based product design director. The sale is expected to result in a gain of $1.4 million in the second quarter of 2009. Terms of the sale were not disclosed. Steven...

To continue reading this story, please sign in or register.

Footwearbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.