Topgolf Callaway Brands Corp. has announced the successful completion of the sale of its Jack Wolfskin business to ANTA Sports for $290 million, with the deal closing effectively on May 31, 2025. This transaction marks a significant milestone for Topgolf Callaway Brands as it shifts its strategic focus towards core businesses and bolsters its financial flexibility in anticipation of the planned separation of Topgolf from its main operations. Chip Brewer, President and CEO of Topgolf Callaway Brands, expressed excitement about the development and conveyed confidence in ANTA Sports' ability to uphold the Jack Wolfskin brand's integrity and reputation.
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