K-Swiss Global Brands acquires Supra Footwear

London - K-Swiss Global Brands has added One-Distribution, parent company of Supra Footwear and KR3W Denim to its portfolio as it seeks “to become one of the world's leading multi-brand companies”.

One-Distribution is a leading skate-inspired apparel and footwear manufacturer and its brands Supra Footwear and KR3W Denim will be added to the K-Swiss umbrella portfolio which currently comprises of sportswear firm K-Swiss, boot brand Palladium and sister brand PLDM, and OTZ Shoes. The acquisition was for an undisclosed sum.

"Having formed KSGB just two years ago, we are on an aggressive track to become one of the world's leading multi-brand companies," said KSGB President and CEO, Larry Remington. "Supra and KR3W 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 team and to lay a foundation for the future."

In addition, KSGB confirmed that Robert Capener has been appointed as brand president across both Supra and KR3W. Capener who has previously held senior positions at Adidas, Reebok and No Fear, will report to Remington.