F&F, KR7383220001

F&F weighed TaylorMade buyout: NH valued F&F stock at KRW 100,000

Published on 10/20/2026 at 01:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

TaylorMade talks put F&F's capital allocation under review on October 15, 2026. F&F stock held KRW 470.7 billion in cash as revenue rose 5.5 percent.

Capital allocation and earnings

TaylorMade discussions valued the transaction at USD 2.8 billion on October 15, 2026.
Second-quarter revenue reached KRW 400 billion, up 5.5 percent year over year.
NH Investment kept its October 12, 2026 target for F&F at KRW 100,000.

F&F, KR7383220001, Illustration mit AI erstellt.

F&F (ISIN KR7383220001) had weighed a TaylorMade buyout after Seoul Economic Daily reported on October 15, 2026, that key terms of a USD 2.8 billion transaction had largely been prepared. The decision would test the apparel group's liquidity and debt capacity.

Cash gives F&F room

The report said F&F held KRW 470.7 billion in cash and cash equivalents at the end of the first half. It also said the company had completed due diligence and funding preparations, while higher interest costs and future liquidity management remained counter-factors.

F&F holds a right of first refusal because it joined TaylorMade's ownership structure as a strategic investor in 2021. Under the reported process, the company would receive two weeks for due diligence after a purchase agreement and another two weeks to exercise that right.

What do earnings signal?

F&F's second-quarter consolidated revenue was KRW 400 billion, up 5.5 percent year over year, while operating profit reached KRW 86.5 billion, according to ATS View. The operating margin was 21.6 percent, giving the acquisition debate a profitable operating base but not removing the financing risk.

Recent events set the timeline

On October 12, 2026, News Nate reported that NH Investment kept its KRW 100,000 target and forecast third-quarter revenue of KRW 480 billion. On October 14, 2026, Yonhap News reported that Samsung Securities also kept a KRW 100,000 target and expected third-quarter revenue of KRW 488.1 billion.

Next dates for investors

F&F's next reported filing deadline is November 16, 2026, according to ATS View. The TaylorMade process is the nearer strategic date because financing commitments reported by Seoul Economic Daily were due to expire at the end of October 2026.

Capital allocation is the test

For investors, F&F's operating figures and cash balance provide support, while the proposed acquisition would add financing and execution exposure. The balance between a global brand purchase and preserving liquidity is the central issue in the stock story.