The adidas Group has announced that after a strategic review, the company will enter into concrete negotiations to sell the company’s golf division, consisting mainly of TaylorMade, Adams and Ashworth brands.
The company will, however, continue in golf footwear and apparel through the adidas Golf brand.
For the company statement, click here.
The news comes as adidas announced what it is calling a “record first quarter” overall. Those first quarter results are here.
Herbert Hainer, CEO of the adidas Group, discussed the company’s decision to begin negotiations on its golf brands and its first quarter results with Bloomberg. You can watch that here.