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Taylor Made Golf Company

Michelle Russell

Adidas sells golf business in US$425m deal

11 May 2017 | Michelle Russell

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.... read more


Adidas looks to sell golf division amid strong Q1

4 May 2016 | Michelle Russell

German sportswear group Adidas has made a strong start to its financial year with record first-quarter sales – and says it is in talks to divest parts of its golf division in a move to focus on footwear and apparel.... read more


Adidas ups guidance but cuts 14% of golf unit jobs

5 November 2015 | Michelle Russell

German sportswear giant Adidas Group has upped its full-year guidance thanks to higher third-quarter sales, but revealed plans to cut 14% of the workforce at its struggling TaylorMade golf division in a bid to boost earnings. ... read more


Adidas Q3 profit slides on continuing Russia weakness

6 November 2014 | Michelle Russell

German sporting giant Adidas has reported a drop in third-quarter profits and gross margin due to continuing weakness in emerging markets, but reaffirmed its guidance for the full year.... read more


GERMANY: Adidas defends position despite investor unrest

16 September 2014 | Michelle Russell

Adidas has moved to defend its position over reports the sporting goods giant has received pressure from investors to accelerate a turnaround and consider replacing its chief executive.... read more


GERMANY: Adidas shares fall on lower gross margin target

7 August 2014 | Michelle Russell

Adidas's share price fell this morning (7 August) as it cut its full-year gross margin target just a week after lowering its earnings forecast.... read more


GERMANY: Adidas shares plunge as FY outlook cut

31 July 2014 | Michelle Russell

Adidas shares plunged this morning (31 July) after the German sporting giant cut its earnings forecast and announced plans to close stores in Russia and restructure its TaylorMade golf unit.... read more


GERMANY: Adidas promotes King to head up North America unit

17 April 2014 | Michelle Russell

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