Fila Korea Ltd. and its holding company Global
Leading Brands House (GLBH) said Yoon-Soo (Gene) Yoon, Chairman and CEO of Fila Korea, will become Chairman of GLBH and Fila. Former Fila CEO Jon Epstein will serve as the company's president of Fila USA, Inc., and also oversee global product development, sales and marketing for the brand.

Yoon has been associated with the Fila brand since 1984 when he served as the company's first footwear sourcing agent in Korea. In 1991, Yoon launched the subsidiary Fila Korea where he built a successful network of franchise retail stores. The subsidiary was sold in 2003 to Sport Brands International, which bought all of Fila's global operating
businesses.

In 2005, Mr. Yoon purchased a long-term license for Fila in Korea from Sport Brands International. Today, with more than 500 total points of distribution including 300 franchise stores, Fila ranks as one of the top sportswear brands in Korea.

Epstein played a pivotal role in facilitating the Fila sale to Fila Korea and GLBH. With more than 30 years experience in the athletic footwear and apparel industry, he has served in senior sales and management roles with adidas, Fila and Le Coq Sportif. In his new capacity, Epstein will oversee global product development, sales and marketing for the brand. He will also serve as the company's President of Fila USA, Inc.

Joining Yoon and Epstein is Y.C. Cho, who most recently served as President of Fila Korea. Cho will relocate
from Seoul, Korea to Sparks, Md., where the company's U.S. operations are based. In his new capacity, Cho will oversee global operations and finance for the company.

Under the new leadership, Fila will emphasize its
strong heritage in the sportswear category in traditional country club sports including tennis, golf and ski. In that regard, the company plans to maintain and expand its affiliations with world class professional athletes and events.

Additionally, the company will leverage its strong equity in the athletic footwear category as a fashion-forward, athletically inspired lifestyle brand targeting a core 18-34 year old consumer who aspires to urban culture.

In consummating the Fila purchase, Yoon stated, “Having been affiliated with Fila for so many years, we are proud to have the opportunity to lead such a distinguished brand.”

Added Epstein, “Fila has tremendous upside potential and we are very excited about its future.”