Ashworth Inc

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Adidas sells golf business in US$425m deal Michelle Russell | 11 May 17

German sportswear group Adidas has entered into a deal to sell its TaylorMade, Adams Golf, and Ashworth golf brands in a deal valued at US$425m.


Adidas exploring options for golf business Katie Smith | 6 Aug 15

German sportswear giant Adidas has revealed it is exploring future options for its golf business, after the unit reported a drop in sales for the first half.


US: Zwiers to lead global growth at Wolverine Worldwide Katie Smith | 16 Jun 14

As part of ongoing efforts to accelerate global growth, US clothing and footwear business Wolverine Worldwide has promoted company veteran James Zwiers to president of its International Group.


GERMANY: Adidas promotes King to head up North America unit Michelle Russell | 17 Apr 14

German sportswear giant Adidas has promoted Mark King to the role of president of the group's North America division.


CHINA: Li Ning names former Guess exec CFO Katie Smith | 19 Apr 13

Chinese sportswear retailer Li Ning has appointed former Guess Inc and Levi Strauss executive Terence Tsang as its new chief financial officer.


US: Phoenix Footwear appoints Greg Slack as CFO just-style.com | 22 Mar 11

Californian shoe firm Phoenix Footwear Group has hired Greg Slack to serve as its chief financial officer from 1 April.


GERMANY: Adidas reports golf leadership just-style.com | 29 Jun 10

German sporting goods firm Adidas Group says it has gained a shared lead in the global golf apparel market with Ashworth.


GERMANY: Adidas eyes improvement as Q2 profit crashes 93% just-style.com | 5 Aug 09

Widespread revenue declines sent second quarter profits at Adidas crashing by 93%, but the company is scenting an improvement in the second half of the fiscal year.


UK: Hong Kong’s YGM eyes Aquascutum as CEO leaves just-style.com | 26 May 09

Hong Kong based apparel firm YGM Trading Ltd yesterday (25 May) confirmed it has signed a letter of intent to buy British clothing brand Aquascutum, which it already makes and distributes in Greater China, Singapore and Malaysia.


GERMANY: Adidas restructures as Q1 profit plummets 97% just-style.com | 5 May 09

Sporting goods giant Adidas is to axe its regional offices as part of a restructuring programme designed to lay the foundation for sustainable long-term growth.


US: Delta Apparel snaps up Gekko Brands just-style.com | 2 Apr 09

Delta Apparel has acquired the Gekko Brands headwear business from leisure wear company Ashworth for an undisclosed sum.


US: TaylorMade-Adidas Golf cutting Ashworth jobs just-style.com | 19 Dec 08

A month after its acquisition of lifestyle golf company Ashworth Inc, TaylorMade-Adidas Golf is downsizing the combined workforce of the two companies.


Top stories on just-style this week... just-style.com | 19 Dec 08

Here is a roundup of the top five most-read stories on just-style this week. Click on each headline for the full story.


GERMANY: Adidas Group completes Ashworth acquisition just-style.com | 20 Nov 08

The Adidas Group's TaylorMade-Adidas Golf unit has completed its acquisition of golf firm Ashworth.


US: Gary Sims named MD of J Lindeberg USA just-style.com | 5 Nov 08

Casual apparel maker People's Liberation Inc has appointed veteran golf and apparel industry executive Gary Sims as managing director of its J Lindeberg USA unit.


US: TaylorMade-Adidas Golf to buy Ashworth just-style.com | 13 Oct 08

TaylorMade-adidas Golf, a subsidiary of sporting goods giant Adidas Group, is to buy golf inspired sportwear maker Ashworth Inc for $28.1m in a deal that makes it one of the world’s leading golf apparel companies.


US: Ashworth in possible sell-off as Q3 losses widen just-style.com | 10 Sep 08

Golf-inspired leisure wear company Ashworth is considering a possible sell-off after reporting a 68% hike in third quarter losses.


US: Ashworth turnaround “will take time” despite Q2 profit just-style.com | 10 Jun 08

Golf-led apparel company Ashworth’s turnaround plan will take more time to implement, despite the company turning in a second quarter profit of US$0.9m.


US: Q1 losses widen to $7.4m at Ashworth just-style.com | 12 Mar 08

Golf-focused apparel company Ashworth saw its first quarter net loss widen to US$7.4m from $2.4m for the equivalent period last year.


US: Ashworth acquires Sun Ice trademarks just-style.com | 17 Jan 08

Golf sportswear maker Ashworth has announced the acquisition of the Sun Ice and Sunice trademarks from Fletcher Leisure Group.


US: Ashworth targets turnaround after Q4 loss just-style.com | 2 Jan 08

Struggling golf and sportswear maker Ashworth is aiming for a turnaround in fortunes in 2008 after posting a fourth quarter loss of US$3.5m.


US: Ashworth appoints Allan Fletcher as CEO just-style.com | 25 Oct 07

Golf-inspired sportswear maker Ashworth Inc has named Allan Fletcher as its chief executive officer, effective immediately, replacing Peter M Weil, who has resigned to spend more time with his family.


US: Ashworth swings to $5.7m Q3 loss just-style.com | 11 Sep 07

Ashworth Inc, the designer of golf apparel and sportswear, has swung to a third quarter net loss after being hit by a tax charge and lower sales in its corporate, retail and international divisions.


US: Fila USA appoints Peter Holmberg to golf sales post just-style.com | 21 Aug 07

Fila USA has named athletic apparel industry veteran Peter Holmberg as its national sales manager, Golf & Corporate.


US: Ashworth swings to $2.5m Q2 loss just-style.com | 19 Jun 07

Golfing apparel maker Ashworth Inc has swung to a second quarter loss, blaming lower domestic sales and a $2.9m tax charge.


US: Ashworth taps Fadel as president, sets staff reduction just-style.com | 25 May 07

Edward Fadel has rejoined golfwear supplier Ashworth Inc as president. He succeeds Gary (Sims) Schneiderman, who has left the firm.


US: Red ink grows at Ashworth in Q1 just-style.com | 9 Mar 07

Golf apparel specialist Ashworth withstood a net loss in its first quarter that was nearly five times its year-ago deficit and about 50% higher than analysts expected.


US: Ashworth co-founder returns to the business just-style.com | 26 Jan 07

Golf wear firm Ashworth said its co-founder John Ashworth is returning to the company to consult on all aspects of Ashworth brand development.


US: Mixed Q4, FY results at golf goods firm Ashworth just-style.com | 11 Jan 07

Golf-inspired sports firm Ashworth reported a 52% dive in fourth-quarter earnings but announced a higher full-year profit.


US: Ashworth appoints new CEO, announces CFO resignation just-style.com | 30 Oct 06

Golf-inspired sportswear firm Ashworth has appointed Peter Weil as its new CEO, succeeding Randall Herrel, who resigned last month.

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