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Joel_Stewart

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Adidas hires investment bank to review golf division
« on: August 06, 2015, 12:27:36 PM »
I heard this morning that Adidas has hired an investment bank to possibly sell the golf division due to "global decline in the popularity of the sport". 

I suspect TaylorMade would bring in a fairly sizable amount?  Titelist was sold in 2011 for $1.2 billion to a Korean firm.
« Last Edit: August 06, 2015, 12:32:37 PM by Joel_Stewart »
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John Kavanaugh

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Re: Adidas hires investment bank to review golf division
« Reply #1 on: August 06, 2015, 12:33:12 PM »
Three stripes and you're out.
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Steve_ Shaffer

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Re: Adidas hires investment bank to review golf division
« Reply #2 on: August 06, 2015, 12:34:24 PM »
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"Some of us worship in churches, some in synagogues, some on golf courses ... "  Adlai Stevenson
Hyman Roth to Michael Corleone: "We're bigger than US Steel."
Ben Hogan “The most important shot in golf is the next one”

David_Tepper

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Re: Adidas hires investment bank to review golf division
« Reply #3 on: August 06, 2015, 12:34:38 PM »
There is an article about this today in the Financial Times.

www.ft.com
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Thomas Dai

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Re: Adidas hires investment bank to review golf division
« Reply #4 on: August 06, 2015, 12:55:19 PM »
Taylor Made, Adidas, Ashworth and Adams are mentioned. Isn't Yes! in there as well?
Atb
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Steve_ Shaffer

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Re: Adidas hires investment bank to review golf division
« Reply #5 on: August 06, 2015, 01:02:25 PM »
Adams bought Yes! for 1.5M$ in 2011. TM bought Adams http://adamsgolf.com/adams-shortgame-putters/
« Last Edit: August 06, 2015, 01:10:41 PM by Steve_ Shaffer »
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"Some of us worship in churches, some in synagogues, some on golf courses ... "  Adlai Stevenson
Hyman Roth to Michael Corleone: "We're bigger than US Steel."
Ben Hogan “The most important shot in golf is the next one”

Brent Carlson

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Re: Adidas hires investment bank to review golf division
« Reply #6 on: August 06, 2015, 01:23:11 PM »
Adidas is also being crushed by Nike and Under Armour in college football.  Teams are dumping Adidas ASAP.
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Joel_Stewart

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Re: Adidas hires investment bank to review golf division
« Reply #7 on: August 06, 2015, 01:32:37 PM »
My sense is Adidas is somewhat lost at the moment.  With € 14.534 billion in sales last year and pretty good margins it doesn't surprise me they want to focus on growing markets and their strengths.
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Carl Rogers

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Re: Adidas hires investment bank to review golf division
« Reply #8 on: August 06, 2015, 02:13:45 PM »
Respectfully, isn't this thread O/T
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Joe Hancock

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Re: Adidas hires investment bank to review golf division
« Reply #9 on: August 06, 2015, 05:19:19 PM »
Carl,

There's a whole pile of OT threads on the first page that are not properly labeled as such. It's a lot to ask, apparently.
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"People aren't picking a side of the fairway off a tee because of a randomly internally contoured green ."  jeffwarne, February 24, 2017

jeffwarne

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Re: Adidas hires investment bank to review golf division
« Reply #10 on: August 06, 2015, 11:25:19 PM »
Quote from: Joel_Stewart on August 06, 2015, 12:27:36 PM
I heard this morning that Adidas has hired an investment bank to possibly sell the golf division due to "global decline in the popularity of the sport". 

I suspect TaylorMade would bring in a fairly sizable amount?  Titelist was sold in 2011 for $1.2 billion to a Korean firm.


Good riddance
Turns out the golf world doesn't need people to buy 3 $400 drivers a year.
Killed the club pros with their ultra short product cycle and massive discounting.
Sucks to spend $300 on a driver to try and retail it for $400 and then have it selling elsewhere for $149 in two months-while the member who paid $400 is feeing ripped off and the pro has dozens of clubs worth 1/2 what he paid for them.
Shocking that 15 inch holes and a smug CEO couldn't turn this around
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"Let's slow the damned greens down a bit, not take the character out of them." Tom Doak
"Take their focus off the grass and put it squarely on interesting golf." Don Mahaffey
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