Cutter & Buck
Encyclopedia
Cutter & Buck is a manufacturer of upscale apparel for golf
Golf
Golf is a precision club and ball sport, in which competing players use many types of clubs to hit balls into a series of holes on a golf course using the fewest number of strokes....

 and other sports. Founded in 1990, the company went public in 1995 and was sold to New Wave Group AB, a Swedish
Sweden
Sweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe. Sweden borders with Norway and Finland and is connected to Denmark by a bridge-tunnel across the Öresund....

-based corporation, on April 13, 2007.

The company sells its products primarily in the golf and corporate apparel markets in over twenty-five countries around the world, and has been recognized for its sponsorship of Swedish golfer Annika Sörenstam
Annika Sörenstam
Annika Sörenstam is a Swedish-American professional golfer whose achievements rank her as one of the most successful golfers in history. Before stepping away from competitive golf at the end of the 2008 season, she won 90 international tournaments as a professional, making her the female golfer...

. It also sells into the collegiate apparel 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.

Cutter & Buck's headquarters are in the Fremont
Fremont, Seattle, Washington
Fremont is a neighborhood in Seattle, Washington. Originally a separate city, it was annexed to Seattle in 1891. Named after Fremont, Nebraska, the hometown of two of its founders, L. H. Griffith and E...

 neighborhood of Seattle, Washington
Seattle, Washington
Seattle is the county seat of King County, Washington. With 608,660 residents as of the 2010 Census, Seattle is the largest city in the Northwestern United States. The Seattle metropolitan area of about 3.4 million inhabitants is the 15th largest metropolitan area in the country...

.

Wire Fraud

In 2003, Cutter & Buck's former CFO, Stephen S. Lowber, pled 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.

External links

The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
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