K-Swiss sale to Korean firm closes
E.Land World Limited of Korea closed its $170 million buyout of Westlake Village-based athletic shoe company K-Swiss on April 30, after shareholders of the footwear company overwhelmingly approved the merger. Under the terms of the sale, K-Swiss shareholders will receive $4.75 per share in cash, marking the high point of the company’s 52-week stock price Read More →
Global dealmakers zoom in on region, shrug off slow growth politics
A strengthening currency, a stable economic platform and the ability to innovate and reinvent is not something that you find in many places around the world.
Korean firm pays $170M to get toehold in U.S. with K-Swiss
After 47 years, the K-Swiss brand might be taking its first steps into the sunset. Westlake Village-based K-Swiss said Jan. 17 that it has agreed to a $170 million buyout by South Korean fashion and retail conglomerate E-Land World Limited. The sale comes after K-Swiss, the maker of the iconic white footwear that was the Read More →
K-Swiss agrees to $170M buyout by Korean firm
Shares of Westlake Village-based footwear firm K-Swiss soared 48 percent on the morning of Jan. 17 after the company agreed to a $170 million buyout. E.Land World Ltd. of South Korea offered to pay $4.75 per share for K-Swiss, which has struggled with huge losses in recent years as sales of its iconic white tennis Read More →
K-Swiss profits fall as sales down 32%
Athletic shoemaker K-Swiss stumbled into another large loss in the second quarter as its worldwide sales plummeted by almost one-third. The Westlake Village-based company reported an $11.6 million loss, compared to a loss of $20 million in the same quarter a year earlier. Worldwide revenue fell 31.5 percent to $44.8 million during the quarter. U.S. Read More →
K-Swiss shares tumble on higher Q4 loss
[wikichart align=”right” ticker=”NASDAQ:KSWS” showannotations=”true” livequote=”true” startdate=”17-08-2011″ enddate=”17-02-2012″ width=”300″ height=”245″] Athletic shoe company K-Swiss stumbled into another unprofitable quarter, reporting a $25.2 million loss that came to 71 cents per share, despite higher sales. Shares of K-Swiss dropped 10.7 percent to $3.35 on Feb. 17 after the earnings announcement. In the fourth quarter of 2010, the Read More →
K-Swiss shares stumble on $20M loss
K-Swiss reported a second-quarter loss of $20 million, or 56 cents per share, on Aug. 4, tripping up analysts who had predicted a 30-cent per share loss.