EXHIBIT 21

LIST OF SUBSIDIARIES

Unless otherwise noted, all of the entities listed below are subsidiaries of K•Swiss Inc.

  1. K•Swiss Pacific Inc., a Massachusetts corporation.

  2. K•Swiss International Ltd., a Bermuda corporation.

  3. KS UK Ltd., a United Kingdom corporation.

  4. K•Swiss Europe 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 Direct Inc., a California corporation.

  8. K•Swiss Sales Corp., a Delaware corporation.

  9. K•Swiss NS Inc., a Delaware corporation.

10. K•Swiss Canada Corp., a Nova Scotia corporation.

11. 1166789 Ontario Inc., an Ontario, Canada corporation.

12. K•Swiss Germany GmbH, a Germany corporation.

13. K•Swiss S.r.l., an Italy corporation.

14. K•Swiss Singapore Private Ltd., a Singapore corporation.

15. K•Swiss Retail Ltd., a United Kingdom corporation.

16. K•Swiss Iberia S.L., a Spain corporation.

17. Royal Elastics LLC, a Delaware limited liability company.

18. Royal Elastics Inc., a California corporation.

19. ARFI SAS, a France corporation.

20. Palladium SAS, a France corporation.

21. K•Swiss International Manufacturing Ltd., a Bermuda corporation.

22. K•Swiss (Hong Kong) Ltd., a Bermuda corporation.

23. K•Swiss Japan GK, a Japan corporation.

24. K•Swiss International Manufacturing Ltd., a Hong Kong corporation.

25. K•Swiss Technical Consulting (Dongguan) Company Ltd, a China corporation.