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K-Swiss

From Wikipedia, the free encyclopedia
American footwear company
K-Swiss, Inc.
Company typePrivately held
IndustrySportswear,footwear
Founded1966; 60 years ago (1966)
Founders
  • Art Brunner
  • Ernie Brunner
Headquarters
Area served
Worldwide
ProductsFootwear, sportswear
ParentKP Global
Websitewww.kswiss.com

K-Swiss, Inc. is an Americanathletic shoebrand based inGlendale, California, founded in 1966.

History

[edit]
K-Swiss Tubes running shoes

K-Swiss was founded in 1966 inLos Angeles bySwiss brothers Art and Ernie Brunner. They became interested intennis afteremigrating to the United States. They imported leather tennis shoes from the Swiss shoe manufacturer Kuenzli. K-Swiss is the pairing of "K" in Kuenzli and "Swiss".[1][2]

K-Swiss purchased the majority stake of Australian brandRoyal Elastics in 2001.[3] It sold Royal Elastics to a management-led investment group in 2009, recording a gain of $1.4 million in the second quarter.[4]

In January 2013, the company — which posted $195 million in losses between 2009 and 2012[5] — was sold to Korean firmE-Land World Limited for $170 million.[6] The following May, E-Land named a new executive team to oversee the newly formed K-Swiss Inc., including Truman Kim as chairman and Larry Remington as president and CEO.[7]

On June 1, 2015, K-Swiss acquiredSupra Footwear.[8] It moved its headquarters fromWestlake Village to Downtown Los Angeles in 2016.[9][10][11]

In August 2019, E-Land Footwear USA Holdings Inc. and consequently K-Swiss was acquired byXtep International Holdings Limited, a Chinese sports equipment manufacturer.[12] In 2024, K-Swiss was sold and privatized under KP Global for $151 million, and moved its headquarters toGlendale, California.[13]

Marketing

[edit]
K-Swiss has signed professional tennis playersLiudmila Samsonova andCameron Norrie (both pictured in 2023).[14]

In the 1990s, Steven Nichols boosted K-Swiss's marketing budget, and hired a number of key individuals from large companies, such asProcter & Gamble. Award-winning Creative Director Mindy Gale led her NY based agency team in developing and producing K-Swiss advertising and publicity campaigns from 1997 until 2008.[citation needed] The "I Wear My K-Swiss" multi-media campaign ran for five consecutive years, targeting young urban consumers in print and on TV.[citation needed]

A re-branding campaign featuringAnna Kournikova rolled out in 2007.[15] A 2011 advertisement, featuringDanny McBride as fictional characterKenny Powers, drew attention for its use of profanity.[16]

In September 2014, the company unveiled a new marque. The new identity was created by a recently appointed internal creative team and plays up the company's heritage as an American tennis brand. All aspects of the new brand's design, including its 1966 typeface and tennis court color palette, hark back to this identity.[17] The company has been sponsoring events that appeal to their market as well as events which are likely to shape buying attitudes and help generate a positive reaction. One example is the sponsorship of Ireland's first sneaker convention run by Dub City Sneakz inDún Laoghaire which K-Swiss sponsored.[18]

In 2016, K-Swiss president Barney Waters made it the brand's mission to "make sneakers for entrepreneurs."[19] The brand furthered this marketing angle by launching a collaboration with entrepreneurGary Vaynerchuk in 2017.[20] The company has since launched campaigns with other entrepreneurs, includingKaren Civil, Ben Baller, and Natalie Ellis.[21][22]

In 2019, K-Swiss debuted a shoe collaboration with TV seriesBreaking Bad.[23]

References

[edit]
  1. ^"Geschichte" (in German). Retrieved2023-02-07.
  2. ^Mandour, Joseph (2012-03-12)."Swiss Shoe Maker Loses to K-Swiss in Trademark Infringement Dispute".California Trademark Attorneys. Retrieved2023-02-07.
  3. ^Lenetz, Dana (November 19, 2001)."K-Swiss nab Royal Elastic".Footwear News. Archived fromthe original on November 5, 2012. Retrieved2 May 2010.
  4. ^"K-Swiss sells Royal Elastics division".Los Angeles Business. 4 May 2009. Retrieved3 May 2010.
  5. ^"View Filing Data: K-Swiss".Securities and Exchange Commission. Retrieved2023-01-05.
  6. ^Nellis, Stephen (January 25, 2013)."Korean firm pays $170M to get toehold in U.S. with K-Swiss".Pacific Coast Business Times.
  7. ^"K-Swiss Inc.: Private Company Information".Bloomberg Businessweek. Archived fromthe original on February 22, 2011.
  8. ^Verry, Peter (June 1, 2015)."[Breaking News] K-Swiss Purchases Skate Brands Supra, KR3W".Footwear News.
  9. ^Belgum, Deborah (August 2, 2016)."K-Swiss Moving Headquarters to Historic Downtown Los Angeles".California Apparel News. Retrieved2019-11-16.
  10. ^"K-Swiss Global Brands to Move HQ to Downtown L.A."Footwear Distributors & Retailers of America. Retrieved2019-11-16.
  11. ^"K-Swiss Global Brands moving headquarters to downtown L.A."L.A. Business First. August 3, 2016. Retrieved2023-01-05.
  12. ^"Chinese sports brand Xtep to buy owner of U.S.' K-Swiss for $260 million".Reuters. 2 May 2019.Archived from the original on 18 April 2020.
  13. ^Deborah Belgum (May 15, 2024)."K-Swiss Has a New Owner: Inside the Brand's Comeback Plans".Footwear News. RetrievedJanuary 9, 2025.
  14. ^"K-Swiss Appoints New Apparel Licensee" (Press release). K-Swiss. 2022-01-18. Retrieved2022-07-19 – via SGB Media.
  15. ^Phalon, Richard (April 16, 2007)."Turning Tennis White Into Green".Barron's. Retrieved2023-01-05.
  16. ^Rovell, Darren (2011-07-12)."K-Swiss' Kenny Powers Ad Draws Attention, Questions".CNBC. Retrieved2023-01-01.
  17. ^"K-Swiss' new brand retains American heritage".Transform magazine. 7 October 2014. Archived fromthe original on 18 October 2014. Retrieved14 October 2014.
  18. ^"The Beatyard Playlist presented by Dub City Sneaks".Air // Million. August 8, 2015. Archived fromthe original on 4 March 2016. Retrieved2023-01-05.
  19. ^Verry, Peter (2018-10-01)."K-Swiss Is Trying Unconventional Moves — Will They Help the Brand Make a Comeback?".Footwear News. Retrieved2019-11-16.
  20. ^"Why Gary Vaynerchuk Is Putting His Name on a K-Swiss Sneaker".Entrepreneur. 2017-11-14. Retrieved2019-11-16.
  21. ^"K-SWISS Launches "We are the West Campaign" w/ Ben Baller, Karen Civil, Natalie Ellis & More".Respect. 2019-03-11. Retrieved2019-11-16.
  22. ^Miller, Claudia (2019-03-14)."K-Swiss Takes Inspiration From West Coast Moguls in a New Collection".Footwear News. Retrieved2019-11-16.
  23. ^"This K-Swiss Classic 2000 Is Inspired by 'Breaking Bad''s Infamous RV".HYPEBEAST. October 17, 2019. Retrieved2019-11-16.

External links

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