Overview

• Jack Wolfskin, a German outdoor brand, has been sold to Chinese conglomerate Anta Sports for $290 million.
• Topgolf Callaway acquired Jack Wolfskin in 2019 for 418 million Euros but faced weak performance in European markets.
• The sale aligns with Topgolf Callaway's strategy to concentrate on its core golf outfitting business, as stated by CEO Chip Brewer.
• Jack Wolfskin was expected to generate 325 million Euros in revenue and an EBITDA of 12 million Euros in 2025.
• Anta Sports, which owns brands like Wilson and Salomon, strengthens its portfolio with this acquisition.