Bitcoin price today: up at $118.5k amid US trade progress; remains rangebound
Investing.com -- South Korean fashion and lifestyle company F&F Co. Ltd. has hired Goldman Sachs (NYSE:GS) as its financial advisor to potentially acquire golf brand TaylorMade, the company announced in a statement.
F&F is preparing to exercise its Right of First Refusal in response to a sales process started by Korean private equity firm Centroid Investment Partners, the current owner of TaylorMade.
The company, which invested in TaylorMade in 2021, claims it has not given consent to Centroid’s attempts to sell the golf equipment maker. F&F described Centroid’s actions as "a significant breach of its contractual consent rights."
"We are methodically preparing to exercise our Right of First Refusal, should circumstances warrant, to ensure alignment with our original investment thesis," F&F stated. The company added that bringing on Goldman Sachs enables it to "execute a disciplined and impactful strategy to successfully acquire TaylorMade."
F&F indicated it is ready to take legal and contractual measures against Centroid for alleged violations of their agreement. The company is currently evaluating several strategic options while working to protect its investment interests in TaylorMade.
This move aligns with F&F’s strategic goals related to its 2021 investment in the golf equipment brand.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.