We are excited about OGIO becoming part of Callaway and believe this acquisition aligns well with our stated goal of strategically developing growth in tangential areas, Callaway president and chief executive officer Chip Brewer said in a release. There is a robust strategic fit between the companies; both are strong brands with a sports heritage that share a passion for creating high-quality, performance-driven products. There is also significant overlap in our supply chains and go-to-market strategies, which should allow us to add value and create profitable growth. In addition to making golf bags and golf travel bags, Ogio recently started selling golf apparel and accessories such as belts and umbrellas. The company has endorsement deals with Aaron Baddeley, Kevin Streelman, Chris Stroud and Ben Kohles. Ogio also markets bags and accessories for outdoors and fitness enthusiasts, motorcyclists and triathletes. Callaway said in the release it expects Ogio to contribute $45 million to Callaways 2017 revenues with an annual EBITDA of approximately $10 million after integration is complete. After absorbing non-recurring transaction and transition expenses of approximately $7 million, Ogio is expected กระเป๋าแฟชั่น be dilutive by approximately 2 cents to Callaways 2017 earnings per share but should be accretive after that. Callaway intends to finance the transaction with cash on hand and borrowings from its existing asset-backed credit facilities.
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They'd better get a move on. The sprawling regulations come into force in January 2018. Way forward? There are some who argue that these complex EU rules could be a big help to the City after Brexit, because they contain something called "equivalence". That allows financial companies from outside the EU to do business inside it, as long as their home country has the same standards of regulation. Image copyright AFP Image caption The City is wary of what Mifid 2 will usher in "Potentially this could be a way through the mire," says David Biggin, an adviser at PA Consulting. "For a lot of the companies talking about relocating, actually this rule might allow some light at the end of the tunnel. It's กระเป๋าเป้ ราคาถูก facebook a technocratic decision rather than a political decision. It is a way forward." However, not everyone thinks "equivalence" will save the City's bacon if it finds itself with less favourable access to the EU than it has today. "The main drawback is it can be withdrawn unilaterally at any time," warns the BBA's Anthony Browne. He has other concerns too.
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