Topgolf Callaway Sells Jack Wolfskin to ANTA Sports for $290M

Author: Evelyn Baker Updated: 04-10-2025 05:24 AM

Topgolf Callaway Brands Announces Sale to ANTA Sports

Topgolf Callaway Brands Corp. (NYSE: MODG) has achieved a significant milestone with its decision to sell the Jack Wolfskin division to ANTA Sports for a base amount of $290 million in cash. This important transaction marks a strategic shift for Topgolf and is set to finalize in the later half of 2025, subject to customary closing processes.

Focus Shifts Towards Core Operations

Chip Brewer, President and CEO of Topgolf Callaway Brands, expressed his satisfaction regarding the deal, stating, "The sale of Jack Wolfskin allows us to enhance our focus on our core operations and optimize resources effectively." The move is intended to deepen the brand's commitment to its foundational businesses while simultaneously improving the company's liquidity position.

Expected Financial Impact

While the company has not adjusted its financial outlook, it provided guidance earlier, estimating Jack Wolfskin’s revenue at approximately €325 million with an Adjusted EBITDA of about €12 million. The forecast positions the first half of 2025 as a challenging period but projects a strong recovery in the latter half.

Future Growth and Strategic Planning

This sale is not only an opportunity to enhance financial strength but is also part of a broader strategy that includes separating Topgolf from its core activities. Such a division will allow both ventures to thrive more independently, optimizing their respective operational scopes.

Advisors and Strategic Partners

To support this strategic transition, Topgolf Callaway Brands has enlisted Goldman Sachs as its financial advisor and Latham & Watkins LLP for legal assistance. This expert collaboration is anticipated to facilitate a smooth transaction.

About Topgolf Callaway Brands

Topgolf Callaway Brands Corp. is a leader in the golf and lifestyle sector, specializing in advanced golf equipment while also catering to active sportswear and entertainment. Their esteemed portfolio encompasses brands such as Topgolf, Callaway Golf, TravisMathew, Odyssey, OGIO, and importantly, Jack Wolfskin.

Investor and Media Relations

For inquiries, investors and media can connect with Katina Metzidakis to discuss the impact of this sale and future developments at the company.

Frequently Asked Questions

What prompted Topgolf Callaway to sell Jack Wolfskin?

The sale aims to allow Topgolf Callaway to concentrate on its core business operations and strengthen its financial position.

How much is ANTA Sports paying for Jack Wolfskin?

ANTA Sports has agreed to purchase Jack Wolfskin for a base price of $290 million.

When is the sale expected to be completed?

The expected completion of the sale is set for late in the second quarter or early in the third quarter of 2025, pending regulatory approvals.

What are the financial expectations for Jack Wolfskin?

The financial guidance from earlier suggests revenue of approximately €325 million and an Adjusted EBITDA of €12 million for the business.

Who are the advisors involved in this transaction?

Goldman Sachs is the financial advisor, with Latham & Watkins LLP providing legal counsel for Topgolf Callaway Brands during this transition.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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