Sport & Leisure
Topgolf Callaway to offload Jack Wolfskin brand in $290m deal
Although the company is not updating its financial guidance at this time, embedded in its 24 February 2025 full year guidance was an estimate for its Jack Wolfskin business of approximately €325m (£282.6m) in revenue and €12m (£10.44m) of adjusted EBITDA
Topgolf Callaway Brands has announced that it has entered into an agreement to sell its Jack Wolfskin business to Anta Sports for a base price of $290m (£222m) in cash, subject to net working capital and other customary adjustments.
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