squirrel235

For the full year, the golf business Discount Vacheron Constantin its industry leadership behind sustained global growth for the Pro V1 golf ball, and successful new product innovations that fueled double-digit growth for Titleist golf clubs and FootJoy shoes. Our sought-after innovations, lower cost structure, global success in golf's pyramid of influence, growth strategies in key Asian markets and favorable foreign exchange drove golf operating income up double digits.""While the breadth and balance of Fortune Brands' current structure have created Discount Welder shareholder value, we see the potential for even greater value by separating our businesses into focused companies," Carbonari continued. "Our 2010 results reinforce our confidence that this is the right time to separate our three businesses to maximize long-term value for shareholders. Our proactive strategic initiatives and targeted investments have strengthened each business, and each business emerged from the Discount Wyler stronger than even we had anticipated. We expect each business will be equipped to compete and grow on its own with the management, infrastructure, capital structure and growth and returns prospects necessary for success. "The initiative we announced on Discount Zenith 8th to separate our businesses is on track for completion in the second half of 2011, subject to final Board approval.