Swedish firm to buy Cutter & Buck

Share this content:

Cutter & Buck Inc., which designs and markets upscale golf and sportswear to retailers, corporations and - via its catalog - directly to consumers, has signed a definitive agreement to be acquired by New Wave Group AB for $156.5 million in cash.

New Wave, Hisings Kärra, Sweden, designs and markets clothing, accessories and gifts for the corporate, promotional and consumer retail markets under several proprietary brands, including Orrefors, Kosta Boda, Sagaform, Craft and Clique.

The company sells its products throughout most countries in Europe and in China.

The deal represents an opportunity for each brand to expand its product offerings in their respective marketplaces. New Wave also expects to gain substantial synergies in buying and distribution.

Cutter & Buck, Seattle, WA, had net sales of $131 million during its latest financial year and an income from continuing operations of $9.8 million.

In 2005, the company launched a catalog and for the past several years has sponsored golfer Annika Sorenstam. Its brands include Cutter & Buck, Annika and CBUK.

close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above