Prince expects to come out of bankruptcy proceedings and to fall under the full ownership of Authentic Brands Group after a final court hearing scheduled for May 24 and a meeting with creditors on June 5. According to court documents, Prince generated sales of $35 million last year in Europe, the Middle East, Africa and other markets outside North America. The company sold $59 million worth of tennis racquets and related products worldwide, representing 85 percent of its total turnover. The rest came from squash, racquetball and platform tennis products. The company had a book value of $54.2 million and receivables of $9.7 million.

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