Cutter & Buck
 | |
| Traded as | CBUK (formerly Nasdaq) |
|---|---|
| Industry | Golf clothing |
| Founded | 1990 |
| Headquarters | Seattle, Washington, USA |
| Owner | New Wave Group AB |
| Website | www.cutterbuck.com |
Cutter & Buck (formerly NASDAQ: CBUK) is a manufacturer of upscale clothing for golf and other sports. Founded in 1990, the company went public in 1995 and was sold to New Wave Group AB, a Swedish-based corporation, on April 13, 2007.
The company sells its products primarily in the golf and corporate clothing markets in over twenty-five countries around the world, and has been recognized for its sponsorship of Swedish golfer Annika Sörenstam. It also sells into the collegiate clothing market and in 2005, commenced a consumer-direct catalogue and e-commerce site. In the mid-nineties, Cutter & Buck became a founding member of the SA 8000 Social Accountability Platform, which holds its members to a code of conduct in outsourced manufacturing and domestic operations.
Initially co-founded by Jamie Cutter, in the English city of Norwich, Cutter & Buck's headquarters are now at 101 Elliott Avenue in the Lower Queen Anne neighborhood of Seattle, Washington.
Wire Fraud
In 2003, Cutter & Buck's former CFO, Stephen S. Lowber, pleaded guilty to felony wire fraud relating to lying about the company's revenue in 2000. The Cutter & Buck corporation paid no fines for these misstatements; however, it did agree with the SEC to stronger accounting practices.[1]
Notes
- ↑ "Former Cutter & Buck exec pleads guilty to wire fraud". Puget Sound Business Journal. August 7, 2003. Retrieved 2007-11-06.
External links
Coordinates: 47°38′55″N 122°20′56″W / 47.648651°N 122.348944°W