K-Swiss Inc. - Class A (MM) (KSWS) News

Awesome Gangnam style global domination!

South Korean E-Land to buy KSWS

http://www.reuters.com/article/2013/01/17/kswiss-eland-idUSL4N0ALANH20130117?type=companyNews&feedType=RSS&feedName=companyNews&rpc=43

Jan 17 (Reuters) - South Korean retailer E-Land Group agreed to buy U.S. footwear maker K-Swiss Inc for around 200 billion won ($189 million), a South Korean newspaper reported on Thursday.

The Korea Economic Daily, citing unnamed investment banking sources, said E-Land is expected to acquire at least 70 percent of K-Swiss and is looking at buying out minority shareholders to take full ownership of the footwear maker.

K-Swiss could not be immediately reached for comment, while an E-Land spokesman declined to comment.

E-Land, a privately-owned retailing group, has added outlets, leisure holdings and upmarket brands such as bags and wallet maker Mandarina Duck in a series of acquisitions since 2009.

Last year, it joined a consortium that bid for, but failed to acquire, the U.S. Major League Los Angeles Dodgers baseball franchise.

Any idea why? and why it's halted?

Wow...Up nearly 55% in AH

I think it's mostly shorts covering.

KSWS Video Chart 9/17/2012

http://www.missionir.com/videos.html

I like to hear good things about K-Swiss gear: http://www.swimbikerunvideos.com/9-ounces-of-speed-k-swiss-kwicky-blade-light/

~ Friday! $KSWS ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $KSWS ~ Earnings expected on Friday *
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K-Swiss Inc. designs, develops and markets an array of footwear, apparel and accessories for athletic, sports and fitness activities and casual wear under the K-Swiss brand. The Company also designs, develops and markets footwear for adventurers for all terrains under the Palladium brand and apparel for mixed martial arts under the Form Athletics brand, respectively. During the year ended December 31, 2010, sales of the Palladium brand and Form Athletics brand were approximately 14.4% and 0.1%, respectively, of total sales. The Company sells its products through specialty athletic footwear stores, pro shops, sporting good stores and department stores and also through a number of foreign distributors. The Company also sells its products through its Website and retail locations. On July 23, 2010, the Company acquired FORM Athletics.

http://www.google.com/finance?q=KSWS