Cutter & Buck
|Traded as||CBUK (formerly Nasdaq)|
|Headquarters||Seattle, Washington, USA|
|Owner||New Wave Group AB|
|Slogan||The genuine spirit of the Pacific Northwest.|
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.
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.
- "Former Cutter & Buck exec pleads guilty to wire fraud". Puget Sound Business Journal. August 7, 2003. Retrieved 2007-11-06.
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