Home >
XTEP International Completes Three Brands Of K-Swiss, Palladium And Supra.
In August 1st, XTEP International Holdings Limited (hereinafter referred to as "XTEP international") issued a announcement that E-LandFootwearUSAHoldingsInc. has become an indirect wholly owned Affiliated Companies of XTEP. This means that XTEP has completed the acquisition of "K-Swiss", "Palladium" and "Supra" brand.
XTEP International announced that in May 2, 2019, the company's wholly-owned subsidiary XtepGlobalLimited intends to acquire all issued shares of E-LandFootwearUSAHoldingsInc. from E-LandWorld and E-LandUSA with a cash price of $260 million. All the prerequisites contained in the share purchase agreement have been concluded and / or exempted pursuant to the share purchase agreement, and the delivery has been carried out in Hongkong time on August 1, 2019 in accordance with the terms and conditions contained in the agreement.
Following the delivery, E-LandFootwearUSAHoldingsInc. has become an indirect wholly owned Affiliated Companies of the company.
It is reported that the target group is mainly engaged in the design, development and marketing of 3 international brands (including K-Swiss, Palladium and Supra), as well as two sub brands (i.e. PLDM and KR3W) sports, high-performance sports, all terrain adventure activities and fitness activities footwear, clothing and accessories, and casual wear.
In the previous transaction statement, XTEP International said that the group was in transition to multi brand group. The brand of the transaction target and its existing brand complementation will transform the company into a global sporting goods company that meets the needs of different consumers. It also believes that K-Swiss and Palladium have great opportunities in China. The board believes that by virtue of the company's huge distribution network, leading R & D and supply chain resources, it will significantly enhance the competitiveness and profitability of the acquired brand.
XTEP International announced that in May 2, 2019, the company's wholly-owned subsidiary XtepGlobalLimited intends to acquire all issued shares of E-LandFootwearUSAHoldingsInc. from E-LandWorld and E-LandUSA with a cash price of $260 million. All the prerequisites contained in the share purchase agreement have been concluded and / or exempted pursuant to the share purchase agreement, and the delivery has been carried out in Hongkong time on August 1, 2019 in accordance with the terms and conditions contained in the agreement.
Following the delivery, E-LandFootwearUSAHoldingsInc. has become an indirect wholly owned Affiliated Companies of the company.
It is reported that the target group is mainly engaged in the design, development and marketing of 3 international brands (including K-Swiss, Palladium and Supra), as well as two sub brands (i.e. PLDM and KR3W) sports, high-performance sports, all terrain adventure activities and fitness activities footwear, clothing and accessories, and casual wear.
In the previous transaction statement, XTEP International said that the group was in transition to multi brand group. The brand of the transaction target and its existing brand complementation will transform the company into a global sporting goods company that meets the needs of different consumers. It also believes that K-Swiss and Palladium have great opportunities in China. The board believes that by virtue of the company's huge distribution network, leading R & D and supply chain resources, it will significantly enhance the competitiveness and profitability of the acquired brand.
- Related reading

In The Two Quarter, Net Profit Exceeded Expectations. Champion Still Surged 50%.
|
2019/8/5 18:02:00
0

Differentiation Intensified, Men's Clothing Enterprises To Compete And Upgrade
|
2019/8/5 13:15:00
2
- Fashion shoes | Air Jordan 1 Low Shoes "Court Purple" Purple Toe Color Exposure
- Fashion shoes | Nike React Element 55 Shoes New Oregon Duck Color Release, Eye-Catching And Wild
- Daily headlines | More Than A Hundred Firefighters Went To Fight For A Fire In A Textile Factory In Hangzhou. The Boss Collapsed And Weep.
- Expert commentary | China Light Textile City: Autumn Fashion Fabrics Interact With Each Other, And Autumn Leisure Fabric Subscription Increases.
- Daily headlines | China's Consumption Scale Continues To Expand, With An Average Annual Growth Of 11.6% Since 1952.
- Pregnant baby | Wechat Finally Opened The Circle Of Friends To The Electricity Supplier.
- Pregnant baby | Post Krypton Carries Iqiyi To Provide Free Solutions To The Brand.
- Pregnant baby | Su Ningpin Controlled 818 Lines Of Defense, And More Than 20 Merchants Were Discouraged.
- Pregnant baby | The Front Warehouse Has Always Been There But It Has Nothing To Do With You.
- Pregnant baby | Japan Officially Enters The Hebei Market In The First 7-11 Cities To Select Tangshan.
- In The Two Quarter, Net Profit Exceeded Expectations. Champion Still Surged 50%.
- Air Force 1 Shoes "Ghost Aqua" Girl's Exclusive Light Green Color Release
- CONVERSE Classic Pro-Ride Shoes New Mosaic, Crash Color Matching, Release, Retro Flavor Full.
- What Brand Is The Military Green Dress Of Guan Xiaotong And Zhou Jieqiong At The Same Time?
- Nike Alphadunk Shoes "Dunk Of Death" Color Announced, Pay Tribute To The Death Button.
- Seven Wolves Wandering In The Men's Wear Industry
- 產能爆發的紡織市場:他們搶了噴氣市場的“鐵飯碗”
- Nike Air Tailwind ’79 鞋款再推出藍紅配色,混搭設計
- Lu Tai Textile Announced Half Year Report, Net Profit Increased 9.03% In The First Half Year.
- Analysis Of The 20190729 Keqiao Textile Price Index