Cutter & Buck Links up with Eurostyle Ltd.Business Editors SEATTLE--(BUSINESS WIRE)--April 29, 2002 Cutter cutter, small, one-masted sailing vessel, with a rig similar to that of a sloop except that it usually has a sliding bowsprit and a topmast. From 1800 to 1830 cutters were in service between England and France. & Buck Inc. (Nasdaq:CBUK) announced today that a newly established affiliate of Eurostyle Ltd., will distribute Cutter & Buck men's and women's Golf and Classic apparel collections and golf accessories throughout Europe. Eurostlye Ltd. is an apparel company based in Cork, Ireland Cork, Ireland is a term which may refer to the following places in southern Ireland, depending on context.
Cutter & Buck Inc. previously announced plans to close its own subsidiary in Amsterdam. The Eurostyle affiliate has purchased inventories and other assets other assets Assets of relatively small value. For financial reporting purposes, firms frequently combine small assets into a single category rather than listing each item separately. from the Amsterdam business. In addition, the Eurostyle affiliate has hired certain key managers from Cutter & Buck's Amsterdam subsidiary, to facilitate a smooth transition. "Eurostyle is an ideal partner for us," said Fran Conley, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Cutter & Buck. "The Dwyers have extensive knowledge of the European golf apparel and corporate wearables markets, as well as operational strengths in order fulfillment Order fulfillment (in BE also: order fulfilment) is in the most general sense the complete process from point of sales inquiry to delivery of a product to the customer. Sometimes Order fulfillment , logistics and custom embroidery embroidery, ornamental needlework applied to all varieties of fabrics and worked with many sorts of thread—linen, cotton, wool, silk, gold, and even hair. Decorative objects, such as shells, feathers, beads, and jewels, are often sewn to the embroidered piece. . We believe this is an exciting step forward for the Cutter & Buck brand in Europe." "We are delighted to bring on the Cutter & Buck brand for distribution across Europe," added Peter Dwyer, General Manager of Cutter & Buck Sportswear (Europe) Ltd. "This is a wonderful opportunity for us. Cutter & Buck is the leading brand within the European golf market today. We look forward to taking it on to the next level in the European Golf and Corporate markets." Statements made in this news release that are not historical facts are forward-looking information. Actual results may differ materially from those projected in any forward-looking information. Specifically, there are a number of important factors that could cause actual results to differ materially from those anticipated by any forward-looking information. Those factors include, but are not limited to, style changes and product acceptance, relations with and performance of suppliers, the ability of the Company to control costs and expenses, the ability of the Company to carry out successful design and planned product and brand messaging/extension activities and to penetrate its chosen distribution channels, competition, access to capital, foreign currency risks, risks associated with opening and operating retail locations, risks associated with the Company's entry into new markets or distribution channels, technological change, political and trade relations, the overall level of consumer spending Consumer demand or consumption is also known as personal consumption expenditure. It is the largest part of aggregate demand or effective demand at the macroeconomic level. on apparel and global economic conditions, the events of September 11, 2001, additional threatened terrorist attacks and the ongoing military action. Additional information on these and other factors, which could affect the Company's financial results, are included in its Securities and Exchange Commission filings. Finally, there may be other factors not mentioned above or included in the Company's SEC filings that may cause actual results to differ materially from any forward-looking information. You should not place undue reliance on these forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by Securities laws. Cutter and Buck designs and markets upscale sportswear and outerwear under the Cutter & Buck brand. The Company sells its products primarily through golf pro shops and resorts, corporate sales accounts and better specialty stores Noun 1. specialty store - a store that sells only one kind of merchandise shop, store - a mercantile establishment for the retail sale of goods or services; "he bought it at a shop on Cape Cod" . |
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