Corporate

Xtep selling K-Swiss, Palladium brands to Ding family

By 2024-05-13T07:00:00

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The purchase price of $151 million for K-Swiss and Palladium is 42 percent less than the $260 million that Xtep Intl. Holdings paid for the brands in 2019. Xtep said the K-Swiss/Palladium wholly-owned subsidiary, KP Global Investment, has accumulated over $100 million in operating losses since being acquired and a ...

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