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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 ...
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]
The model has been received well by avid golfers, casual visitors and partygoers, presenting a wider consumer audience and prompting Callaway to acquire the service business for $2.6 Billion.