Jack Wolfskin to be sold to Anta Sports
Topgolf Callaway has agreed to sell German outdoor brand Jack Wolfskin to Chinese sports apparel group Anta Sports.
The $290 million transaction is expected to close in the late second or early third quarter of 2025.
This year Topgolf Callaway was expecting Jack Wolfskin to contribute €325 million in revenue and €12 million of adjusted EBITDA. The company said the the sale will enable it to focus on its core business.
Chip Brewer, president and chief executive of Topgolf Callaway Brands, said: “This sale will allow us to increase our focus and optimise our resources on our core business.
“Importantly, the proceeds will further enhance our balance sheet and liquidity, reinforcing our financial flexibility ahead of our planned separation of Topgolf from our core operations.
Never Miss a Retail Update!“We believe Anta Sports will be a good steward of the iconic Jack Wolfskin brand and we thank our Jack Wolfskin employees who have worked diligently to right-size this business and prepare it for this next chapter.”
Founded in 1981, Jack Wolfskin has nearly 500 stores worldwide according to its website.
