Acquisition brings apparel to the fore for Calla - sportstextiles: Lea SportsTextiles

News

Acquisition brings apparel to the fore for Callaway

23/08/2017
Callaway Golf Company has announced the acquisition of golf and lifestyle apparel company TravisMathew for $125.5 million.

Callaway describes its new acquisition as “a dynamic apparel business”. It was founded as a golf clothing brand but has since diversified into lifestyle apparel and accessories. Its net sales for 2017 are expected to be $55-60 million. 

"We are excited to have completed this acquisition," said Chip Brewer, President and CEO of Callaway Golf Company. "We believe TravisMathew fits well with our business, brand and culture and aligns with our strategy of developing growth in areas tangential to the golf equipment business.”

Callaway expects TravisMathew sales to contribute approximately $15 million to its financial results in the second half of 2017.

Related stories:

Jack Wolfskin helps Callaway to strong first half 12/08/2019
Callaway takes control of Japanese joint venture 04/06/2019
Callaway seals deal for Jack Wolfskin 07/01/2019
Callaway launches graphene-enhanced golf balls 30/01/2018
Callaway Golf returns to profitability after six years of losses 03/02/2015
Callaway, Puma and Mizuno gear up for expanded golf show 22/08/2014
Callaway Golf to tour Europe courtesy of Perry Ellis 05/11/2013
Callaway Golf to cut staff numbers 16/07/2012

Sportstextiles.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.