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 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 company.

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

12. KSI Germany GmbH, a Germany corporation.

13. KS France SAS, a France 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.