Topgolf Callaway Brands Completes Sale Of Jack Wolfskin To ANTA Sports

Topgolf Callaway Brands Corp. (NYSE: MODG) ("Topgolf Callaway Brands" or the "Company") is pleased to announce the successful completion of the sale of its Jack Wolfskin business to ANTA Sports for $290 million, subject to certain customary closing adjustments.

The transaction, which closed effective May 31, 2025, represents a significant milestone for Topgolf Callaway Brands as it refocuses its strategic priorities on its core businesses and enhances the Company's financial flexibility ahead of the planned separation of Topgolf from its core operations.

Chip Brewer, President and CEO of Topgolf Callaway Brands, stated, "We are excited to announce the successful completion of the sale of our Jack Wolfskin business to ANTA Sports. We believe that ANTA Sports will continue to uphold the integrity and reputation of the Jack Wolfskin brand, and we extend our gratitude to our Jack Wolfskin employees for their hard work and dedication in positioning the business for its next chapter."

Anta Sports said in an official statement, “The Acquisition aligns with the Group’s “single-focus, multi-brand, globalization’ strategy and presents opportunities to further strengthen and to grow the Group’s outdoor sports segment. Its addition complements the Group’s existing brand portfolio, extending the Group’s outdoor product offering from premium to mass market while enriching product solutions for a broader set of outdoor activities. The Group also stands to benefit from Jack Wolfskin’s exclusive material technologies and the extensive experience of their German engineering and design team, further bolstering the Group’s competitiveness in the outdoor sports segment. Moreover, Jack Wolfskin is one of the leading specialists in outdoor apparel, footwear and equipment with a strong presence in Europe, particularly Germany. Integrating Jack Wolfskin is another step forward in the Group’s global expansion strategy.

“By leveraging both the Group’s and Jack Wolfskin’s strengths, there exists the potential to unlock various synergies in supply chain, product development, retail operation and other areas post-closing. The Group will develop more concrete plans on these following the closing of the Acquisition.”

Anta Sports Products Limited is a Chinese sports equipment multinational corporation headquartered in Jinjiang, China. It is the world's third-largest sportswear company by revenue, behind Nike and Adidas ahead of Li-Ning.

Founded in 1991, its operations involve the business of designing, developing, manufacturing and marketing products, including sportswear, footwear, apparel and accessories under its own brand name. Its main subsidiary is Finnish sport retailer Amer Sports, which itself manages 25 apparel brands such as Arc'teryx, Salomon, and Wilson.Publicly traded on the Hong Kong Stock Exchange, Anta Sports is a part of the Hang Seng Index. Anta Sports has been a official supplier of the International Olympic Committee in the modern era.