New Wave’S Sport & Leisure Segment Sees Big Drop

2009-02-27T00:00:00

New Wave Group, the Swedish parent of Cutter & Buck, reported a 94 percent drop in fourth-quarter operating profit for the fourth quarter to 61.6 million Swedish kronor (€8.26m-$10.6m). Sales fell by 7.9 percent to 1,226.5 million SEK (€108.3m-$138.5m).

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