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On Oct 13, 2008, TaylorMade (an Adidas subsidiary by then) agreed to acquire Ashworth for $72.8M, including $46.3M in debt, giving the transaction a value of $26.5M to shareholders. [12] In May 2017, it was announced that Adidas sold its golf brands to KPS Capital Partners. [13] On September 9, 2019, Ashworth was acquired by YGM Trading Limited ...
Adidas manufactures a range of clothing items, varying from men's and women's t-shirts, jackets, hoodies, pants and leggings. [54] The first Adidas item of apparel was the Franz Beckenbauer tracksuit created in 1967. [1] Adidas AG is the largest manufacturer of sports bras in Europe, and the second largest manufacturer in the world. [55]
In 2012, Adams Golf was acquired by TaylorMade Golf (which was owned by Adidas by then) for USD 10.80 per share in cash (roughly 70 million). As a result, Adams was added to the corporation set of golf brands, such as Adidas Golf and TaylorMade–adidas Golf. TaylorMade assured that Adams' headquarters in Plano, Texas, would remain. [2]
A 2023 report from the National Golf Foundation found the number of women and girls playing golf increased 15% since 2019, while the number of male golfers went up just 2% during the same time period.
Golfsmith International Holdings Inc. was an American golf specialty retailer based in Austin, Texas.Each store, along with golfsmith.com, housed a wide selection of golf clubs, shoes, apparel, gadgets and gear from all the major brands as well as proprietary offerings.
Also in 2021, Mintel has identified three potential growth areas: women's sporting goods; men's sportswear; and the marketing of premium brands, particularly to parents. [7] In 2022, research in the United States found consumers were planning to spend less at sporting goods retailers due to rising costs of living and other prices. [10]
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