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Cobra was dedicated to the average golfer, especially ladies and seniors [3] which makes it understandable that is also the first U.S. club manufacturer to sell stock graphite-shafted woods and irons that are known for being lighter clubs. [4] In five years, Cobra Golf was selling about $4.5 million worth of these clubs annually. [2]
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The 1-wood, or driver, is the lowest-lofted, [3] longest, and often lightest club in a player's bag, and is meant to launch the ball the longest distance of any club. . Originally, the driver was only slightly larger than any other wood and was designed to be used from the tee or the fairway, but with the advent of hollow metal clubhead construction, the driver has become highly specialized ...
The following years saw Fortunoff continue to struggle, and on February 4, 2008, the chain filed for Chapter 11 bankruptcy along with accepting the $100 million sale to NRDC Equity Partners, [3] [4] the parent company of longtime New York retailer Lord & Taylor. The sale was estimated to include Fortunoff's debt of approximately $60 million. [5]
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