WESTLAKE
VILLAGE, Calif/PRNewswire/ -- K-Swiss Global Brands
(KSGB), also known as K-Swiss Inc., a division of E.Land Group, is
pleased to announce its acquisition of ONE-Distribution, a leading
skate-inspired apparel and footwear manufacturer and parent company
of KR3W Denim Co. (KR3W)
and SUPRA
Footwear (SUPRA). KSGB acquired the Fountain
Valley, CA-based firm from a group of shareholders including
Bertram Capital, a San Mateo,
CA-based private equity firm, and a small group of private
investors including ONE-Distribution Founders Scott
VanDerripe, Angel
Cabada and Scott
Bailey. The price was not disclosed.
Photo
- http://photos.prnewswire.com/prnh/20150601/219738
Photo
- http://photos.prnewswire.com/prnh/20150601/219737
Concurrently, KSGB has announced the appointment of Robert 'Cape'
Capener as the Brand President of both Supra and KR3W, reporting
to Larry
Remington, President and CEO of KSGB. Cape has enjoyed
a storied career within the athletic apparel, footwear and action
sports industries, both launching new products and building brands.
Cape founded the Above the Rim and Heaton brands, and has held
senior positions at Adidas, Reebok and No Fear.
"Having formed KSGB just two years ago, we are on an aggressive
track to become one of the world's leading multi-brand companies,"
said KSGB President and CEO, Larry
Remington. "SUPRA and KR3W are brands that meet the
distinctions we are looking for in our portfolio: authenticity,
strong brand awareness, a track record of product innovation and
opportunities for long-term, global growth. We are excited to join
forces with the ONE-Distribution team and to lay a foundation for
the future."
This
acquisition brings the KSGB portfolio to a total of six globally
distributed brands, including K-Swiss,Palladium, PLDM, OTZ Shoes, KR3W and SUPRA Footwear. KSGB is a
division of E-Land Group, a $10
billiongroup of companies with over 200 brands, 10,000
retail stores and business across apparel, footwear, retail,
hotels, leisure and entertainment. The KSGB and ONE-Distribution
leadership teams will work quickly over the following weeks to
develop integrated plans for the company and its newest
entities.
Founded in 2006, SUPRA quickly became one of the largest and most
successful independent sneaker brands through innovation and style.
Inspired by passion, SUPRA fuses fashion, music,
skateboarding, art and street to bring classic silhouettes to those
who demand unique designs. Famous for its game-changing
Skytop shoe, SUPRA has evolved as a globally relevant lifestyle
brand. Today, SUPRA operates flagship stores in Santa
Monica, New York
City, Paris, Mexico
City and Tokyo and
distributes to over 60 countries through a network of select skate
shops and high-end boutiques.
KR3W,
an apparel brand born from skate culture, began in 2003. The brand
is influenced by the diverse Southern
California culture and inspired by the pursuit of never
settling. The brand made its name in denim, and changed the young
men's denim paradigm with the introduction of its K Slim Denim Jean
using an innovative stretch fabric and a narrow profile. KR3W has
since expanded its apparel range, successfully blurring the lines
between skate and fashion, while maintaining its 'Dark Americana'
aesthetic.
ONE-Distribution currently has offices in Fountain
Valley, CA, Barcelona,
Spain, Sydney,
Australia andDongguan,
China.
Contact: Mariana
DiMartino, +1-917-536-5411, [email protected]