The story
K-Swiss was founded in 1966 in Los Angeles by Swiss brothers Art and Ernie Brunner. They became interested in tennis after emigrating to the United States. They imported leather tennis shoes from the Swiss shoe manufacturer Kuenzli. K-Swiss is the pairing of "K" in Kuenzli and "Swiss". For two decades, the company only made white tennis shoes. In 1987, a group of investors acquired the company in a leveraged buyout.
K-Swiss purchased a majority stake in the Australian brand Royal Elastics in 2001. It sold Royal Elastics to a management-led investment group in 2009, recording a $1.4 million gain in the second quarter.
In January 2013, the company was sold to Korean firm E-Land World Limited for $170 million. The following May, E-Land named a new executive team to oversee the newly formed K-Swiss Inc., including Truman Kim as chairman and Larry Remington as president and CEO.
On June 1, 2015, K-Swiss acquired Supra Footwear. It moved its headquarters from Westlake Village to Downtown Los Angeles in 2016.
In August 2019, E-Land Footwear USA Holdings Inc., the parent company of K-Swiss, was acquired by Xtep International Holdings Limited, a Chinese sports equipment manufacturer. In 2024, K-Swiss was sold and privatized under KP Global for $151 million, and moved its headquarters to Glendale, California.
From Wikipedia’s article on K-Swiss, shared under CC BY-SA 4.0.5