Browsing Golf Industry NewsVIEW ALL

Callaway buys apparel brand TravisMathew for $125 million

POSTED ON August 6, 2017 @ 11:08 am

Callaway Golf Company on Thursday announced an agreement to buy lifestyle apparel company TravisMathew for $125.5 million. Though the deal is subject to a variety of standard closing conditions like regulatory approvals, it is expected to be finalized in the third quarter of this year. According to a Callaway release, net sales for TravisMathew in 2017 are projected to fall in the $55-$60 million range, $10-$15 of which will count toward Callaway Golf’s second half financials.

“We are very excited about this acquisition. With its golf heritage, culture of product excellence and double-digit growth in the golf and lifestyle apparel business,” said Chip Brewer, President and CEO of Callaway Golf. “TravisMathew is a great fit with our business, brands, culture, and our strategy to grow in areas tangential to golf. We look forward to working with the TravisMathew management team to maximize this brand’s growth potential.”

Though Callaway Golf’s headquarters is located in Carlsbad, CA, TravisMathew will maintain its base of operations up the road in Huntington Beach. TravisMathew currently has distribution in high-end country clubs, resorts, department stores and experiential retail locations.

Comments are closed.


CLICK HERE TO Sign Up for the GIC Newsletter for all the latest Industry News.

FEATURE: Gregg Patterson: Where’s the Manager?

By Gregg Patterson Founder and President “Tribal Magic!!!”...

PGA of New Zealand and Golf New Zealand enter ground-breaking agreement

Golf New Zealand and the Professional Golfers’ Association...

Clive Palmer lodges plans for car museum at Coolum golf course

Billionaire and avid car collector Clive Palmer is hoping to build a massive car museum at his Coolum resort to showcase more...

NZ: Auckland Country Club applies to rezone Pakuranga Country Club so it won't turn into houses

A 38 hectare golf course in east Auckland has applied to change its zoning so it won’t be developed into houses, but...

Golf lifestyle label partners with iconic Australian fashion house to release limited-edition golf apparel

Birds of Condor is known for making moves in the alternative golf-fashion world with an edgy aesthetic across their headwear, apparel and...

Flood Relief Funds Flow To Clubs Across NSW: Full List

Golf Clubs across New South Wales will get some much-needed assistance to help recover from recent flooding, with proceeds raised through the...

Glasgow golf facility that will revamp the sport set to launch in summer 2023

The R&A has revealed the name of its brand new golf concept that will open in Glasgow next summer....

JOBS: Multiple Golf Course Construction-Landscape Specialist roles – (Middle East)

Multiple opportunities exist for skilled candidates to join a large landscape construction company based in the middle east, turning over...

ASIA: PGA NovaWorld Phan Thiet announces new strategic partnerships

PGA NovaWorld Phan Thiet, Vietnam’s only PGA of America accredited venue, has become the latest facility to take up...

ASIA: Ba Na Hills Golf Club appoints Gary Dixon as new General Manager

Ba Na Hills Golf Club and IMG are pleased to announce the appointment of Gary Dixon as the club’s...

New and enhanced sustainability initiatives for The 150th Open at St Andrews

The R&A is expanding its GreenLinks programme with a range of new and enhanced sustainability measures in place for...

Aussies At The Open: Australia's Trials & Triumphs NOW AVAILABLE

It began as something of a Covid project but developed into something more… and soon with the 150th Open...