Latest news with #ChangSooKim
Business Wire
21-07-2025
- Business
- Business Wire
F&F Engages Goldman Sachs as Strategic Financial Advisor for Potential TaylorMade Acquisition
SEOUL, South Korea--(BUSINESS WIRE)-- F&F Co., Ltd. (KRX: 383220), a globally esteemed fashion and lifestyle company led by CEO Chang Soo Kim, announced today that it has engaged Goldman Sachs, a leading global investment bank, as its exclusive financial advisor to steer a potential acquisition of TaylorMade, a preeminent golf brand. This strategic move addresses a sales process launched by a Korean private equity firm Centroid Investment Partners ('Centroid'). F&F reiterated its steadfast commitment to realizing the strategic objectives of its 2021 investment in TaylorMade. The company stated, 'We are methodically preparing to exercise our Right of First Refusal (ROFR), should circumstances warrant, to ensure alignment with our original investment thesis,' adding, 'Our engagement with Goldman Sachs equips us to execute a disciplined and impactful strategy to successfully acquire TaylorMade.' F&F clarified that it has not consented to Centroid's current efforts to sell TaylorMade, viewing the process as a significant breach of its contractual consent rights. 'Independent of our acquisition plans, we are fully prepared to deploy all available legal and contractual measures to hold Centroid accountable for its violations,' the company asserted. F&F is actively assessing a comprehensive array of strategic pathways while strengthening its stance to safeguard its investment interests in TaylorMade through robust enforcement of its contractual rights, including potential legal action.
Business Wire
25-06-2025
- Business
- Business Wire
F&F Doubles Down on TaylorMade Acquisition Goal
SEOUL, South Korea--(BUSINESS WIRE)-- F&F (KRX: 383220), a global fashion & lifestyle company led by CEO Chang Soo Kim, issued today an official statement regarding its investment in TaylorMade, a leading golf brand, stating: 'As the largest investor, F&F made a strategic investment from the outset with the intent to acquire TaylorMade. That strategic direction remains unchanged.' 'As the largest investor, F&F made a strategic investment from the outset with the intent to acquire TaylorMade. That strategic direction remains unchanged.' Share In 2021, F&F made a substantial investment in TaylorMade with the ultimate goal of acquiring the company, securing key contractual rights, including consent rights and a right of first refusal, to support this objective. These provisions were deliberately structured to advance F&F's acquisition goal. However, despite these rights, a Korean private equity firm Centroid has unilaterally initiated the sale of TaylorMade without obtaining F&F's prior consent, prompting serious concerns. 'F&F will take all available legal and contractual measures to hold the responsible parties accountable,' the company stated. 'We remain steadfast in our original investment objective and will deploy all necessary resources to pursue this goal.'
