Fairchild to Buy Back Stock
The Fairchild Corporation, McClean, Va., said that during the next six months, it could buy back up to 500,000 shares of its current outstanding Class A common stock, depending upon market conditions.
The business of Fairchild consists of three segments: sports & leisure, aerospace, and real estate operations. The sports and leisure segment, known as Fairchild Sports, is comprised of Hein Gericke, PoloExpress, and Fairchild Sports of Tustin, Calif. Fairchild Sports designs and sells motorcycle protective apparel, helmets and a large selection of technical accessories for motorcyclists.
The company designs and distributes motorcycle protective apparel, boots and helmets, under several labels, including First Gear and Hein Gericke. In addition, IFW designs and produces protective apparel under private labels for third parties, including Harley-Davidson.
Together, Hein Gericke and PoloExpress operate 229 retail shops in Germany, the United Kingdom, Austria, Belgium, France, Italy, Luxembourg, and the Netherlands.
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