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Adidas Finally Sells Golf Business For $425 Million
Wednesday, May 10, 2017 - 2:19pm | 531Read More...Adidas AG(ADR) (OTC: ADDYY) announced it has finally sold off its golf segment to KPS Capital Partners for $425 million. The deal is expected to close towards the end of 2017. Adidas has been shopping its golf segment, which includes leading golf brand TaylorMade, along with Adams Golf and apparel...
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Nikexit? SunTrust Sees Nike's Surrender Of Golf Business As Bullish For Callaway
Thursday, August 4, 2016 - 3:57pm | 268Read More...Nike Inc (NYSE: NKE)'s surprise announcement that it will exit the golf equipment business has left investors wondering how to best take advantage of the space with the top dog in sports throwing in the towel. Nike's large push into the golf market in the late 1990s coincided with the...
