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 $9 million loss in the first quarter of 2024. The Chinese group’s controlling shareholder, the Ding family, is buying the two brands to allow Xtep to focus on its namesake, Saucony and Merrell brand businesses.

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