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News Breaks | | | | October 1, 2012 | | 08:49 EDT |  | BDE | Black Diamond to acquire Gregory's Japanese distribution assets from A&F
Black Diamond has signed a definitive agreement to acquire the Japanese distribution assets of Gregory Mountain Products from Kabushiki Kaisha A&F, the exclusive distributor for Gregory in Japan. Under the terms of the agreement, Black Diamond will acquire its Gregory Japanese distribution assets from A&F for $750,000, comprising of a $500,000 payment in January 2013 and $250,000 in December 2013. The agreement also calls for Black Diamond to purchase 100% of A&F's then existing "in-line" inventory on Dec. 31, 2012, which the parties anticipate will be in the range of $650,000 - $750,000. Therefore, Black Diamond will defer recording revenue on inventory shipped to A&F during Q3/Q4 of 2012 to the extent that the company expects to buyback this inventory. At this time, Black Diamond does not anticipate adjusting its current revenue expectations to reflect deferred revenue associated with this transaction. Beginning Jan. 1, 2013, however, Black Diamond does anticipate recapturing this one-time shift in revenue into Q1 2013 as it begins to record revenue upon shipments directly to retailers in Japan. | |
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News For BDE From The Last 14 Days Check below for free stories on BDE the last two weeks. |
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| May 8, 2013 | | 10:14 EDT |  | BDE | Black Diamond management to meet with Needham
Meetings to be held in Detroit on May 14 and in St. Louis/Kansas City on May 15 hosted by Needham. | |
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