EXHIBIT 21
LIST OF SUBSIDIARIES
Unless otherwise noted, all of the entities listed below are wholly owned subsidiaries of K•Swiss Inc.
| 1. | K•Swiss Pacific Inc., a Massachusetts corporation. | |
| 2. | K•Swiss International Ltd., a corporation organized under the laws of Bermuda. | |
| 3. | KS UK Ltd., a United Kingdom corporation. | |
| 4. | KS Amsterdam B.V., a Dutch corporation. | |
| 5. | K•Swiss S.A. de C.V., a Mexico corporation. | |
| 6. | K•Swiss Australia Pty. Ltd., an Australia corporation. | |
| 7. | K•Swiss International Services (BAARN) B.V., a Dutch corporation. | |
| 8. | K•Swiss Direct Inc., a California corporation. | |
| 9. | K•Swiss Sales Corp., a Delaware corporation. | |
| 10. | K•Swiss NS Inc., a Delaware corporation. | |
| 11. | K•Swiss Canada Corp., a Nova Scotia company. | |
| 12. | 1166789 Ontario Inc., an Ontario, Canada corporation. | |
| 13. | KSI Germany GmbH, a Germany corporation. | |
| 14. | ERE Footwear Inc., a California corporation. | |
| 15. | ERE Footwear LLC, a Delaware limited liability company, owned 75% by K•Swiss Inc. | |
| 16. | Royal Elastics LLC, a Delaware limited liability company. | |
| 17. | Royal Elastics Inc., a California corporation. | |