All K-Swiss articles
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ArticleXtep Intl. realigns strategy, raises FY operating profit by 9.3 percent
Saucony’s parent company´s revenue from continuing operations increased by 6.5 percent to RMB13,577.2 million (€1.782b).
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News briefsSaucony sales makes Xtep Intl. to update it's Q3
The Chinese sports brand, which owns the Chinese rights to Saucony, K-Swiss, and Merrell, updated its Q3 numbers after seeing sales rise.
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ArticleXtep Intl. moving forward with three-prong strategy in China
Saucony and Merrell generated a 72 percent year-over-year increase in sales in H1.
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News briefsXtep selling K-Swiss, Palladium brands to Ding family
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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ArticleXtep Intl. annual profit hits all-time high
The Chinese group Xtep Intl., which took 100 percent ownership in the Saucony and Merrell businesses in China earlier this year, generated 7.9 percent operating income growth in FY23 to 1,579.9 million yuan renminbi (€201.5m) on 10.9 percent annual revenue growth to RMB 14,345.5 million (€1.83bn). The annual gross margin ...
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News briefsK-Swiss appoints Andrew Richard as VP of Lifestyle
Source: K-Swiss Andrew Richard K-Swiss has appointed industry veteran Andrew Richard as Vice President of Lifestyle, a newly created role. Most recently, Richard served as VP / GM of North America at FootBalance System, where he helped the company build and expand the distribution of its 3D ...
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News briefsXtep purchases Wolverine’s stake in joint venture
Xtep Intl. is paying Wolverine Worldwide $61 million for its share of a joint venture that the two companies established in 2019 for the distribution of the Saucony and Merrell brands in Greater China, Hong Kong and Macau. Additionally, due to the early success and profitability of the Saucony brand ...
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News briefsFamiliar face returns as International Brand President of K-Swiss
Barney Waters is returning to K-Swiss as its new International Brand President. Waters was the former Brand President of K-Swiss from Jan. 2016–July 2021, and served as Chief Marketing Officer prior to that. Waters is returning to K-Swiss after serving as president of Garrett Leight California Optical from July 2021 ...
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News briefsXtep Intl. releases Q3 update
Retail sell-through for the Chinese company’s core Xtep brand, including online and in-store sales, rose by high teens year over year. Meanwhile, the company said there was a 25 to 30 percent discount level during the three months ended Sept. 30 with an inventory turnover level of 4.5 to 5.0 ...
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ArticleXtep Intl. nets H1 profit from Saucony business
Xtep Intl., the publicly traded Chinese company, whose business models consists of its own label for the nation’s mass market and four western brands (K-Swiss and Palladium, globally, and joint ventures for Merrell and Saucony in Mainland China) targeting the premium market, reported a 12.7 percent increase in H1 profitability ...
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News briefsK-Swiss and McLaren debut collab team collection
For the first time since announcing their multi-year partnership with McLaren Racing, L.A.-based tennis performance and heritage footwear brand K-Swiss is releasing the first of three joint collections: the Fan’s Starter Pack. K-Swiss has reimagined the McLaren Team shoe, offering its Tubes technology for everyday wear. The K-Swiss x McLaren ...
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ArticleXtep Intl. sees annual revenues surge to all-time high
The publicly traded Chinese company Xtep Intl., whose business models consists of its own label for the nation’s mass market and four western brands (K-Swiss and Palladium, globally, and joint ventures for Merrell and Saucony in Mainland China) targeting the premium market, generated a 29.1 percent increase in 2022 total ...
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ArticleXtep profit jumps 38 percent in H1
The operating income of Chinese sportswear brand Xtep International rose 34.8 percent to 922 million yuan renminbi (€130.9m) for the six months ended June 30, with attributable profit increasing 38.4 percent to RMB 590 million (€83.8m). The operating profit margin slipped slightly to 16.2 percent from 16.5 percent. Total ...
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News briefsK-Swiss collaborates with McLaren F1 racing team
Source: McLaren McLaren x K-Swiss footwear Los Angeles-based footwear brand K-Swiss and McLaren Racing announced a new partnership that will begin in late spring 2023. This is the first time for K-Swiss that the footwear brand has ventured into the world of Formula 1 racing to expand ...
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News briefs
Internal promotions at K-Swiss
K-Swiss Global Brands (KSGB) has promoted Scott Boulton to global vice-president of trend and energy, a newly formed position. Additionally, Allison Bennett has been promoted to brand director of Palladium in the Americas region. Boulton served most recently as director of product and energy. He has more than 22 years ...
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News briefsDunlop partners with Tennis Europe
Tennis Europe and Dunlop have signed a comprehensive partnership deal recognizing the manufacturer as the main equipment sponsor of the European Tennis Federation. The four-year agreement, beginning April 1, marks the beginning of a long-term relationship between the two organizations during which Dunlop and its range of products, including K-Swiss ...
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News briefs
K-Swiss names VP of marketing and director of e-commerce
K-Swiss, together with Palladium under the umbrella of Chinese manufacturer Xtep since 2019, has a new VP of marketing: Anna Amador brings rich industry experience from previous positions at Skechers, Adidas and Nike. ”I’m thrilled to join the team and contribute to the success of the heritage brands of K-Swiss ...
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News briefs
K-Swiss teams up with YG on “Disco” sneaker
K-Swiss has collaborated with YG on a new co-designed sneaker collection at the intersection of the sneaker culture and hip-hop. The K-Swiss Classic LX, one of the brand’s most enduring silhouettes, has been reimagined in a glittering silver motif. The shoe is called “Disco”. K-Swiss’ 50-year-old silhouette retains the brand’s ...
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News briefs
K-Swiss with new VP marketing and e-commerce for the Americas
K-Swiss, owned by Chinese Xtep International Holdings Ltd, has appointed Kate Minner as its new vice president of marketing and e-commerce for the Americas region. She will oversee day-to-day operations across all areas, including the company’s DTC platform, which focuses on growing the brand’s wholesale portfolio across sports, fashion and ...
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News briefs
New international brand president for K-Swiss
K-Swiss has promoted Dave Grange to the position of international brand president, replacing Barney Waters who is leaving the company after 12 years to lead an unnamed brand of eyewear. Grange was most recently vice president of sales in charge of the Americas for K-Swiss and Palladium, which became the ...
