Topgolf Callaway Brands Corp. announced the successful completion of the sale of its Jack Wolfskin business to ANTA Sports for $290 million, effective May 31, 2025. This transaction represents a significant milestone for the company's strategic transformation.
CEO Chip Brewer stated that the sale allows Topgolf Callaway Brands to refocus its strategic priorities on its core businesses and enhances the company's financial flexibility. This is a crucial step ahead of the planned separation of Topgolf from its core operations.
The divestiture provides capital and streamlines the company's portfolio, enabling a more concentrated effort on its leading golf equipment, apparel, and entertainment brands. This move is expected to contribute to the company's long-term value creation strategy.
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