Topgolf Callaway Brands探索出售Callaway - Bloomberg

2025-10-21 21:38

Topgolf Callaway Brands (NYSE:MODG) is considering a sale of its Callaway business, soliciting interest from private equity funds and fashion companies, Bloomberg reported on Tuesday.
Among the interested parties is Saudi Arabia’s LIV Golf, owned by the country’s sovereign wealth fund.
Last year, TopGolf Callaway (NYSE:MODG) said it would split the company into two separate businesses to capitalize on the value of the Callaway golf equipment and lifestyle brand, as well as the high-growth potential of Topgolf.
"Over the last decade plus, we have transformed Callaway into the #1 brand in golf equipment, while building a successful and complementary apparel and accessory business. We believe this business, on a stand-alone basis, will be well understood and valued by the market,” CEO Chip Brewer said last year, adding that Topgolf is a “high-quality, free cash flow generating business with a significant future value creation opportunity.”
The spin-off was expected to be completed in the second half of 2025 but has been delayed due to the departure of Topgolf CEO Artie Starrs for Harley-Davidson (HOG).
Topgolf Callaway (NYSE:MODG) shares opened modestly higher on Tuesday.

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