Korean owners announce Acushnet IPO - sportstextiles: Lea SportsTextiles

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Korean owners announce Acushnet IPO

07/07/2016
Golf footwear and equipment group Acushnet Holdings Corporation, whose brands include Titleist, FootJoy and Pinnacle, has announced an initial public offering (IPO) of its stock.

A South Korean consortium, led by sports apparel brand Fila, acquired Acushnet in 2011.

According to the Wall Street Journal, the Acushnet group achieved sales revenues of $1.5 billion in 2015. Golf balls contributed 36% of the total and golf clubs 26%. The FootJoy segment, which sells golf shoes and gloves, brought in 28% of sales.


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