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Ventura County Based Sports Shoemaker Purchased By Korean Company

Posted on Friday, January 18, 2013 9:45am

A Korean company is buying a Westlake Village based athletic shoemaker.

K-Swiss says E. Land World Limited is paying $170 million dollars for the company’s stock. K-Swiss is a four decade old company which makes shoes, and clothing. It’s been hit by a decline in sales in recent years. E. Land World operates more 10,000 stores in nine countries around the world, but this is its first move into the athletic footwear market.

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