Sport-Haley & Explorer Gear to sell Top-Flite apparel brand
09 Nov '05
3 min read
Fashionable apparel maker Sport-Haley Inc and Explorer Gear USA Inc, a California corporation entered into a joint venture in order to manufacture and market Top-Flite branded apparel to Wal-Mart Stores Inc in the United States.
The joint venture is to be formed and operated as a separate Colorado limited liability company. The LLC intends to use the Company's license with the Callaway Golf Company ("Callaway") to contract for the manufacture of and market Top-Flite branded apparel in the United States. The LLC also intends to capitalize on Explorer Gear's contacts with Wal-Mart Stores, Inc. to sell Top-Flite branded apparel throughout the United States. Callaway has given Sport-Haley its consent to use the Top-Flite license in connection with the LLC, subject to certain conditions.
The first significant deliveries of Top-Flite apparel in conjunction with this agreement expected to be made in approximately January 2006.
Explorer Gear is affiliated by ownership with Explorer Headgear Inc, a Canadian corporation located in Markham, Ontario. Explorer Headgear is licensed by Callaway to manufacture and market Top-Flite apparel in Canada and Sport-Haley is so licensed in the United States and certain other countries. Explorer Headgear and Explorer Gear are affiliated with certain manufacturing plants in China, which are expected to manufacture the apparel for the LLC.
Donald W. Jewell, Interim Chief Executive Officer of Sport-Haley, commented on the formation of the LLC as follows: "They are excited about the introduction of Top-Flite branded apparel in the United States, which allows us to diversify operations. The introduction of Top-Flite branded apparel allows us to penetrate a sector of the golf apparel market other than the green grass market in which we primarily operate with Ben Hogan and SPORT HALEY brands.
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