Topgolf Callaway Brands Corp. has announced the completion of the sale of its Jack Wolfskin business to ANTA Sports for $290 million, with the transaction closing effective May 31, 2025. This move marks a significant milestone for Topgolf Callaway Brands as it aims to refocus on its core businesses, enhancing its financial flexibility in anticipation of the planned separation of Topgolf from its core operations. Chip Brewer, President and CEO of Topgolf Callaway Brands, expressed confidence in ANTA Sports' ability to maintain the integrity and reputation of the Jack Wolfskin brand.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.