K-Swiss Acquires Skate Brands, KR3W & Supra Footwear
K-Swiss announced this week the acquisition of ONE-Distribution, the parent company of skate-inspired brand KR3W and SUPRA Footwear.
It was also announced that Robert "Cape" Capener, who previously held senior positions at Reebok, No Fear and adidas, has been tapped as Brand President of both Supra and Kr3W.
"Having formed KSGB just two years ago, we are on an aggressive track to become one of the world's leading multi-brand companies," KSGB President/CEO Larry Remington said in a statement. "KR3W and SUPRA 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 teams and lay a foundation for the future."
Details of the deal were unknown at press time.