Heeluxe steps up: Goleta startup inks deals with big names, opens $1M lab
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K-Swiss agrees to $170M buyout by Korean firm
Shares of Westlake Village-based footwear firm K-Swiss soared 48 percent on the morning of Jan. 17 after the company agreed to a $170 million buyout. E.Land World Ltd. of South Korea offered to pay $4.75 per share for K-Swiss, which has struggled with huge losses in recent years as sales of its iconic white tennis Read More →
K-Swiss profits fall as sales down 32%
Athletic shoemaker K-Swiss stumbled into another large loss in the second quarter as its worldwide sales plummeted by almost one-third. The Westlake Village-based company reported an $11.6 million loss, compared to a loss of $20 million in the same quarter a year earlier. Worldwide revenue fell 31.5 percent to $44.8 million during the quarter. U.S. Read More →
California classics: ’60s shoe brand SeaVees revived
Steven Tiller and Derek Galkin want to revive the California dream and promise of the 1960s. And put it on your feet, stylishly. They are the creative minds behind the “respectful rehabilitation” of SeaVees, a 1960s sneaker brand that was defunct for half a century before the pair resurrected it and melded it with a Read More →
