Tag «TaylorMade»

adidas to sell TaylorMade, Adams Golf and Ashworth to KPS Capital Partners

Herzogenaurach May 10, 2017 Herzogenaurach, Germany / Carlsbad, California – adidas announced today that it has entered into a definitive agreement to sell its TaylorMade, Adams Golf and Ashworth golf brands to a newly formed affiliate of KPS Capital Partners, LP for a total consideration of US$ 425 million, around half of which will …

adidas Group announces preliminary results and increases 2016 financial outlook

July 28, 2016 Herzogenaurach – The adidas Group today announced preliminary results for the second quarter of 2016. Group revenues increased 21% on a currency-neutral basis and 13% in euro terms to € 4.4 billion. As a result of a higher gross margin as well as operating expense leverage, Group operating profit increased …