Topgolf Callaway Brands Corp. has announced that it has successfully sold its Jack Wolfskin business to Anta Sports for $290 million, subject to certain customary closing adjustments. The transaction, which closed on May 31, 2025, signifies a significant milestone for Topgolf Callaway Brands as it refocuses its strategic priorities on its core businesses and enhances the company’s financial flexibility ahead of the planned separation of Topgolf from its core operations.
Chip Brewer, President, and CEO of Topgolf Callaway Brands, expressed excitement about the sale, stating, “We are excited to announce the successful completion of the sale of our Jack Wolfskin business to Anta Sports. We believe that Anta Sports will continue to uphold the integrity and reputation of the Jack Wolfskin brand, and we extend our gratitude to our Jack Wolfskin employees for their hard work and dedication in positioning the business for its next chapter.”
The sale of Jack Wolfskin to Anta Sports represents a strategic shift for Topgolf Callaway Brands, allowing the company to streamline its focus on its core operations and improve its financial position. This move also sets the stage for the planned separation of Topgolf from the company's core operations.
The $290 million sale of Jack Wolfskin to Anta Sports is a significant financial transaction that will impact Topgolf Callaway Brands' financial statements and overall performance in the coming periods. The market has reacted to these announcements by moving the company's shares -0.69% to a price of $6.485. For more information, read the company's full 8-K submission here.
