SBD/Closing Bell

TaylorMade-Adidas Distances Itself From Endorser Sergio Garcia

TaylorMade-Adidas today issued the following statement regarding one of its endorsers, Sergio Garcia, who has come under fire for a racially-tinged comment about PGA Tour rival Tiger Woods:

"Sergio Garcia's recent comment was offensive and in no way aligns with TaylorMade-Adidas Golf's values and corporate culture. We have spoken with Sergio directly and he clearly has regret for his statement and we believe he is sincere. We discussed with Sergio that his comments are clearly out of bounds and we are continuing to review the matter" (TaylorMade-Adidas Golf).
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