Jack Wolfskin Sold to Anta Sports for $290 Million

Topgolf Callaway divests the German outdoor brand to refocus on its core golf business amid challenging European market conditions.

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.