TaylorMade news and archive

Amid legal action: F&F eyes acquisition of TaylorMade

After the launch of what was alleged to be a nonconsensual sales process for TaylorMade, F&F has now announced its intention to pursue a potential acquisition of the US golf brand. The company has appointed Goldman Sachs as its exclusive financial advisor to look into a takeover of TaylorMade, noting that it was assessing an “array of strategic...

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Business

F&F considers legal options over “unilaterally initiated sale” of TaylorMade

Two Korean investors are battling over the ownership of golf apparel brand TaylorMade. South Korean fashion company F&F Co. Ltd. has accused private equity firm Centroid of “unilaterally” initiating a sale of the US brand “without obtaining F&F’s prior consent”. The move is “prompting serious concerns”, F&F said in a statement, with the company...

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Management

Adidas follows Nike’s swing and sells its golf brand for 425 million dollars

Plummeting interest in the sport, lack of superstars to add luck lustre to brand sponsorships and a still reluctant to indulge consumer seem to be the main reasons for Adidas to follow rival’s Nike’s example and divest from the golf apparel niche. On Thursday, the Germany-based company announced it’s selling its golf equipment and clothing...

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Report

Adidas Group seeks to shed golf brands

London - German sportswear group Adidas is seeking to shed the bulk its golf brands, which have been struggling as of late, in order to focus on further developing its core apparel and footwear sectors. In an announcement published on Wednesday, Adidas revealed that following an "analysis for the future options" of its golf business, it intends...

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Business

Adidas Group seeks to shed golf brands

London - German sportswear group Adidas is seeking to shed the bulk its golf brands, which have been struggling as of late, in order to focus on further developing its core apparel and footwear sectors. In an announcement published on Wednesday, Adidas revealed that following an "analysis for the future options" of its golf business, it intends...

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Management|ANALYSIS

Is Adidas losing its swing? Golf business obscures group’s FY16 outlook

The athletic apparel group released its full-year 2015 results and 2016 outlook earlier this week. The German sportswear giant happily shared its full-year 2015 figures: net income at the Adidas Group grew 29 percent year-on-year. The group - which includes Adidas, Reebok, and TaylorMade brands- has enjoyed strong global sales rise for Adidas...

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