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...The share price of its arch-rival Acushnet, owners of the Titleist brand, are up 33 per cent this year, far ahead of Topgolf Callaway....
...Those of rival Acushnet have more than doubled in value over the same period. Millennials and Gen Z have no shortage of distractions that are cheaper and faster than a round of golf....
...Recreational play has benefited from the pandemic and two listed golf companies, Acushnet and Callaway, have seen their shares rise at least 75 per cent over the past two years, double the S&P 500....
...Callaway and Acushnet, listed owner of rival golf equipment and apparel seller Titleist, have benefited from consolidation in their industry. Nike quit making golf clubs and balls in 2016....
...Acushnet Holdings, the owner of fellow club maker Titleist, climbed 2.5 per cent. Drive Shack, an upstart company that operates driving ranges and competes with Topgolf, was up 5.4 per cent....
...Acushnet Holdings, owner of Titleist, jumped 1.8 per cent. Drive Shack, an upstart company that operates driving ranges, was up 0.6 per cent....
...In response, Callaway and Acushnet dialled down the frequency of product launches. Golfers must now wait longer for the next space-age driver....
...Such is the strategy for the US golf equipment manufacturer Titleist, whose parent, Acushnet, has filed early paperwork for an IPO....
...Acushnet, a golfing equipment company behind brands such as Titleist and Footjoy, has filed for an initial public offering in the US, just hours after the US Open came to a dramatic end....
...Acushnet, the golfing equipment company behind brands such as Titleist golf balls and Footjoy shoes, in June flagged its intention to list in the US....
...Acushnet, the golfing equipment company behind brands such as Titleist golf balls and FootJoy shoes, in June flagged its intention to list in the US....
...Two decades ago the company signed Tiger Woods to a clothing contract....
...Fila Korea bought Acushnet, parent of the famed Titleist and FootJoy brands, for $1.2bn in 2011. Callaway Golf has decided to play on alone....
...In May, the company sold Acushnet, which includes the Titleist brand of golf balls, to Fila Korea for $1.23bn in cash, and said the remaining companies had stronger potential as standalone businesses....
...A consortium led by Fila Korea, a sports apparel maker, bought Acushnet, a US company that makes Titleist golf balls and FootJoy shoes, for $1.23bn....
...Fortune said on Friday that the Fila consortium would buy Acushnet, which includes the Titleist brand of golf balls, as the Illinois-based company proceeds with a plan to separate its three business lines...
...Adidas and the Japanese owner of the Srixon golf brand were expected to submit offers for the unit, which trades as Acushnet Company, by the May 9 deadline, said people familiar with the process....
...“That makes counterfeiting an industry problem, not just one company's curse.”...
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