News

Adidas agrees to sell its golf brands

12/05/2017

Sportswear manufacturer Adidas has reached a definitive agreement to sell its TaylorMade, Adams Golf and Ashworth golf brands to a new affiliate of US investment company KPS Capital Partners for a total of $425 million.  The deal is expected to be completed before the end of 2017. Adidas announced in May 2016 that it was looking to divest the...

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