K-Swiss Sells Royal Elastics

Investment group buys the laceless footwear brand.

K-Swiss will be moving forward without the Royal treatment.
The Westlake Village, Calif.-based company announced yesterday it had completed the sale of its Royal Elastics brand to REH, an investment group headed by the label’s Los Angeles-based product design director.
While terms of the deal were not disclosed, the company said the sale includes worldwide rights to the Royal brand, certain existing inventory and other assets.
K-Swiss said the deal would result in a bottom-line gain of $1.4 million, or 4 cents a diluted share, during the second quarter.
“We believe this new investment group understands the core essence of the Royal Elastics brand and are confident they will take the brand to a higher level,” Chairman and President Steven Nichols said in a press release.

load comments


Sign in using your Facebook or Twitter account, or simply type your comment below as a guest by entering your email and name. Your email address will not be shared. Please note that WWD reserves the right to remove profane, distasteful or otherwise inappropriate language.
News from WWD

Sign upSign up for WWD and FN newsletters to receive daily headlines, breaking news alerts and weekly industry wrap-ups.

getIsArchiveOnly= hasAccess=false hasArchiveAccess=false