K-Swiss and E.Land World Ltd. has announced that they have signed a merger agreement. The terms of agreement stated that all common stock of California’s K-Swiss will go to E.Land World Ltd. for $4.75 per share, a total value of about $170 million, in cash.
E. Land World Limited is the largest conglomerate headquartered in South Korea. They not only specializing in fashion and retail but also restaurants, theme parks, hotels and construction businesses. The company offers about 200 brands and operates more than 10,000 stores worldwide.
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