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In 2017, Callaway acquired OGIO, a US-based bag and apparel brand, and TravisMathew, a California-based lifestyle and golf apparel brand. [16] [17] In 2019, Callaway acquired German outdoor apparel company Jack Wolfskin. [18] On October 27, 2020, Callaway announced it will acquire Topgolf Entertainment Group for $2 billion. [19]
In October 2023, Topgolf Callaway successfully completed the acquisition of its competitor, BigShots Golf, for a sum of $29 million. [21] This strategic maneuver entailed a significant financial commitment, as Topgolf acquired four operational BigShots venues in the United States at the cost of approximately $29 million. Furthermore, the ...
On Thursday, Jefferies sell-side analyst David Katz upgraded Callaway from hold to buy while giving the stock a $13 price target, compared with a $7.86 price to start the day. Why Shares of ...
Topgolf Callaway Brands (NYSE: MODG) Q3 2024 Earnings Call Nov 12, 2024, 5:00 p.m. ET. ... six of which we built and one acquired. The new venues continue to perform consistent with our pro forma ...
Shares of Callaway Golf plunged on Tuesday following an announcement that Callaway and Topgolf had agreed on an all-stock merger, with Topgolf having an implied equity value of approximately $2 ...
Dick's purchased the brand from Callaway Golf Company. Spalding became a division of the Russell Corporation in 2003 [1] —exclusive of its golf operations (which included the Top-Flite, Ben Hogan Golf Company and Strata brands), which were eventually bought by the Callaway Golf Company later the same year. [2]