U.S. Open: Winning the Racquet Game

Andre Agassi isn't the only thing in tennis that's on the upswing. So is the game, and that's good news for racquet makers such as Wilson, Prince and Head, the company that makes Agassi's. With golf muscling in on the leisure market, racquet sales have been in a decade-long decline. This year sales could climb 5%, which is in some measure attributable to the ability of a Swedish turnaround artist to persuade the Austrian government's tobacco monopoly to sell him a sporting-goods company created by an American entrepreneur.

Let's reverse that for a moment. The entrepreneur is Howard Head, who created...

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