K-Swiss Snapped Up by Chinese Sportswear Giant Xtep International

As Footwear News reports, major Chinese sportswear imprint Xtep International Holdings Limited has purchased all outstanding shares E-Land Footwear USA Holdings Inc., the parent company of K-Swiss, Palladium and Supra. The $260 million USD acquisition is expected to be completed by July 2019. Xtep International is an immense sportswear company in its native China; the brand recorded a record 25% revenue boost in 2018, yielding an approximately ¥6.383 billion RMB (approximately $947 million USD)...