WESTLAKE VILLAGE, Calif. (May 5, 2009)—K-Swiss Inc. (KSWS) has sold the Royal Elastics brand to an independent investment group, the company announced yesterday. Led by the laceless fashion footwear brand’s Los Angeles-based product design director, REH acquired the worldwide rights to the Royal Elastics brand, certain existing inventory and other selected assets.

Men's King Strap by Royal Elastics

“We believe this new investment group understands the core essence of the Royal Elastics brand and are confident they will take the brand to a higher level,” says Steven Nichols, chairman of the board and president.

K-Swiss, which will report its first quarter earnings on May 7, expects the sale to result in a gain of $1.4 million, or $0.04 per diluted share, in the second quarter.

K-Swiss Inc. designs, develops and markets an array of athletic footwear for high performance sports use, fitness activities and casual wear.

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