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Due to competition from Adidas, the acquisition cost Callaway Golf $169 million. [5] On November 8, 2004, Callaway Golf named chairman and chief executive William C. Baker president and COO, replacing Patrice Hutin. [12] In August 2005, George Fellows was named president and CEO of Callaway Golf. He retained this position until June 2011. [13]
At the time, Callaway held a 14% share of Topgolf. [19] Callaway had invested in Topgolf since 2006, with CEO Chip Brewer serving on the Topgolf board since 2012. [20] In October 2023, Topgolf Callaway successfully completed the acquisition of its competitor, BigShots Golf, for a sum of $29 million.
Callaway Golf Company; Cleveland Golf; Club Car; Cobra Golf; Cutter & Buck; Dunlop Sport; Element 21; FootJoy, a brand of Acushnet, subsidiary of Fila; Forgan of St ...
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This was the reason Golfsmith owed $5.5 million to Callaway Golf Co., $5.1 million to Taylormade Golf Co. Inc., $3.5 million to Nike, $2.3 million to PING Inc. and $2.1 million to Titleist. Golfsmith CEO David Roussy blamed "a recession-driven decline in golf participation and an oversized brick-and-mortar retail presence" for its situation.
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