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K-Swiss, The Famous American Sports Brand, Was Bought By Korean Clothes And Lovers.
< p > after losing for several consecutive years, the famous American leisure sports brand < a href= "http://www.91se91.com/news/index_c.asp" > K-Swiss < /a > Inc (NASDAQ:KSWS) announced on the 17 day that it had agreed to accept the acquisition of the Korean clothing retailer's clothing and love group (E-Land Group), and the spanaction price was about 170 million US dollars in cash. < /p >
< p > according to the agreement, clothing and love will pay $4.75 per share of K-Swiss shares, a premium of 49%. < /p over the stock closing price of 3.19 dollars on Wednesday.
< p > this spanaction has been approved by the K-Swiss board of directors, and the spanaction is expected to be completed in the second quarter after obtaining shareholder approval. At present, shareholders holding 75% of the voting shares of the company have agreed to accept the acquisition of clothing, but the shareholders who have at least 80% voting rights can approve the spanaction and enter into force. < /p >
< p > K-SWISS began in 1966. It was founded by a pair of Swiss brothers (Art) and Ai Nai Spina (Earnest Brunner). With the enthusiasm of the two people, the world's first double leather tennis shoes -- K-SWISS classic shoes (K-SWISS Classic) were successfully created. Its elegant and classic five line design has been a sensation for over thirty years since its appearance. The products of K-SWISS mainly include all types of a href= "http://www.91se91.com/news/index_x.asp", casual shoes, /a, sports shoes, most of the series are men's and women's styles, and a series of fashion accessories and accessories, such as leisure bags and socks. < /p >
< p > its image is elegant and easy to cater for the clothing accessories. It not only attracts the elegant and elegant fashion people deeply, but also fits the actual needs of outdoor activities. As for the selection, design and function of K-SWISS shoes, it is also a model of meticulous and elegant expression. The classic series of leisure sports shoes has been launched so far. Still retain the original spirit -- elegant appearance and quality connotation is impressive. < /p >
< p > but the company has not been able to recover from the recession, and has never realized its annual profit since 2008. Analysts expect that the company will not be able to get rid of its losses in 2012. < /p >
< p > > a href= "http://www.91se91.com/news/index_f.asp" > Korean clothing and love group < /a > was founded in 1980. Currently it has business in 9 countries and supplies nearly two hundred brands. The company has more than 1 stores worldwide. < /p >
< p > after more than 20 years of rapid development, the clothing and love company has become Korea's largest fashion distribution company. Good brand names, unique store decorations and excellent services demonstrate the unique corporate culture of the company. Clothing and love are committed to providing unique value to consumers through innovative knowledge management systems. In 2006, the company's sales amounted to US $4 billion. < /p >
By the end of 2004, clothing and love China had more than 180 stores in major cities such as Beijing, Shanghai, Chengdu, Wuhan, Kunming and Shenzhen. In 2001 and 2003, the company introduced two brands of SCOFIELD and ELANDKIDS, and received widespread acclaim from consumers. This year, the company also acquired DECO brand, and continued to introduce SCOFIELD Menswear, TEENIEWEENIE and EBLIN3 brands. In 2003, the company invested and established Yu Xu fashion (Shanghai) Co., Ltd., and was ready to set up dike fashion (Shanghai) Co., Ltd. in 2004, sales of clothing and Chinese legal persons amounted to 500 million, pre tax profit reached 60 million, and will grow at an annual rate of 60%~70%. < /p >
< p > according to the agreement, clothing and love will pay $4.75 per share of K-Swiss shares, a premium of 49%. < /p over the stock closing price of 3.19 dollars on Wednesday.
< p > this spanaction has been approved by the K-Swiss board of directors, and the spanaction is expected to be completed in the second quarter after obtaining shareholder approval. At present, shareholders holding 75% of the voting shares of the company have agreed to accept the acquisition of clothing, but the shareholders who have at least 80% voting rights can approve the spanaction and enter into force. < /p >
< p > K-SWISS began in 1966. It was founded by a pair of Swiss brothers (Art) and Ai Nai Spina (Earnest Brunner). With the enthusiasm of the two people, the world's first double leather tennis shoes -- K-SWISS classic shoes (K-SWISS Classic) were successfully created. Its elegant and classic five line design has been a sensation for over thirty years since its appearance. The products of K-SWISS mainly include all types of a href= "http://www.91se91.com/news/index_x.asp", casual shoes, /a, sports shoes, most of the series are men's and women's styles, and a series of fashion accessories and accessories, such as leisure bags and socks. < /p >
< p > its image is elegant and easy to cater for the clothing accessories. It not only attracts the elegant and elegant fashion people deeply, but also fits the actual needs of outdoor activities. As for the selection, design and function of K-SWISS shoes, it is also a model of meticulous and elegant expression. The classic series of leisure sports shoes has been launched so far. Still retain the original spirit -- elegant appearance and quality connotation is impressive. < /p >
< p > but the company has not been able to recover from the recession, and has never realized its annual profit since 2008. Analysts expect that the company will not be able to get rid of its losses in 2012. < /p >
< p > > a href= "http://www.91se91.com/news/index_f.asp" > Korean clothing and love group < /a > was founded in 1980. Currently it has business in 9 countries and supplies nearly two hundred brands. The company has more than 1 stores worldwide. < /p >
< p > after more than 20 years of rapid development, the clothing and love company has become Korea's largest fashion distribution company. Good brand names, unique store decorations and excellent services demonstrate the unique corporate culture of the company. Clothing and love are committed to providing unique value to consumers through innovative knowledge management systems. In 2006, the company's sales amounted to US $4 billion. < /p >
By the end of 2004, clothing and love China had more than 180 stores in major cities such as Beijing, Shanghai, Chengdu, Wuhan, Kunming and Shenzhen. In 2001 and 2003, the company introduced two brands of SCOFIELD and ELANDKIDS, and received widespread acclaim from consumers. This year, the company also acquired DECO brand, and continued to introduce SCOFIELD Menswear, TEENIEWEENIE and EBLIN3 brands. In 2003, the company invested and established Yu Xu fashion (Shanghai) Co., Ltd., and was ready to set up dike fashion (Shanghai) Co., Ltd. in 2004, sales of clothing and Chinese legal persons amounted to 500 million, pre tax profit reached 60 million, and will grow at an annual rate of 60%~70%. < /p >
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2013/1/18 15:56:00
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