K-Swiss Global Brands (KSGB), also known as K-Swiss Inc., a division of E-Land Group, has acquired One-Distribution, a skate-inspired apparel and footwear manufacturer and parent company of KR3W Denim Co. and Supra Footwear.
KSGB acquired the Fountain Valley, Calif.-based company from a group of shareholders, including Bertram Capital, a San Mateo, Calif.-based private equity firm, and a small group of private investors including One-Distribution founders Scott VanDerripe, Angel Cabada and Scott Bailey. The purchase price was not disclosed.
At the same time, KSGB appointed Robert “Cape” Capener as the brand president of both Supra and KR3W, reporting to Larry Remington, president and ceo of KSGB. Capener founded the Above the Rim and Heaton brands, and held senior posts at Adidas, Reebok and No Fear.
“Having formed KSGB just two years ago, we are on an aggressive track to become one of the world’s leading multibrand companies,” said 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.”
The acquisition brings the KSGB portfolio to a total of six globally distributed brands, including K-Swiss, Palladium, PLDM, OTZ Shoes, KR3W and Supra Footwear.
KSGB is a division of E-Land Group, a $10 billion group of companies comprising over 200 brands, 10,000 retail stores and businesses across apparel, footwear, retail, hotels, leisure and entertainment.
Supra was founded in 2006 and fuses fashion, music, skateboarding, art and street. It operates flagships in Santa Monica, New York, Paris, Mexico City and Tokyo and distributes to over 60 countries. KR3W began in 2003, emanating from skate culture. The brand made its name in denim and has since expanded its apparel range.
One-Distribution currently has offices in Fountain Valley, Calif.; Barcelona, Spain; Sydney, Australia, and Dongguan, China.