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The company filed for Chapter 11 bankruptcy in 1998, in the process greatly reducing the lines of shoes it was selling. [5] [2] Since the bankruptcy filing LA Gear has made three concerted attempts at coming back. The first was in 1999, with an emphasis on casual shoes for men and women and the return of the popular LA Lights line for children.
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The company also began to introduce other products into their line, including shorts, perfume, optical and sunglasses, tennis shoes, deck shoes, walking shoes, watches, and various leather goods. In 1977, Le Tigre Clothing was founded in an attempt to directly compete with Izod Lacoste in the US market, selling a similar array of apparel, but ...
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The company was founded in 1989 by Li Ning, a former Chinese Olympic gymnast.As of 2015, Li Ning remained the chairman of the company's board of directors. [3] In 2005, Li-Ning created a joint-venture with French sports apparel company, AIGLE, giving Li-Ning the exclusive right to be the sole distributor of AIGLE's products in China for 50 years. [4]
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