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...Moving away from producing golf kit into entertainment was bold for Callaway. Callaway’s core equipment business is in solid shape....
...One similar peer is the high-flying Topgolf, the virtual driving range/entertainment centres owned by Callaway, the golf equipment manufacturer....
...Callaway has also invested in Five Iron Golf, an “indoor urban golf experience”....
...Ogunlesi, a director of Topgolf Callaway Brands, said that he had become an “atrocious golfer” since knee surgery....
...Shares in Callaway have almost quadrupled from the pandemic lows. Those of rival Acushnet have more than doubled in value over the same period....
...The Texas-based company, of which Callaway already owned 14 per cent, had also considered a traditional IPO....
...‘The Beatles: Get Back’ premieres on Disney Plus on November 25-27 with the book of the series published by Callaway. The ‘Let It Be’ album and box set is out now...
...The book of the series is published by Callaway on October 12....
...“You’ve got some very strong-willed people who are very interested in protecting what they believe is the position, and the [Saudi-backed] disrupters,” says Chip Brewer, chief executive of Callaway, the...
...Existing Callaway shareholders seemed to be shell-shocked. On a hastily arranged conference call on Tuesday night, Callaway struggled to justify the deal terms....
...The Sistine Chapel(Callaway, available through Philip Mould Gallery in Pall Mall, £16,500) The Renaissance painted ceiling inside the Vatican’s Sistine Chapel is one of the world’s most visited spaces,...
...Callaway and other creditors have set up the first committee for Argentina’s provincial bondholders, mirroring efforts at the national level....
...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....
...for $1.66bn (WSJ) Nomura profits from M&A boom propelled by Covid-19 (FT) Deutsche Bank returns to profit as bond trading surges (FT + Lex) Top shareholders in Kaz Minerals launch £3bn buyout (FT) Callaway...
...But Callaway’s own plans have undermined this leg-up. Shares peaked late last year after Callaway made the decision to buy Jack Wolfskin....
...Shares in other golf stocks rose on the Callaway news. Acushnet Holdings, the owner of fellow club maker Titleist, climbed 2.5 per cent....
...Callaway Golf led the charge with a 2.4 per cent gain. 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....
...“With that in mind, David Callaway, the company’s current chief executive officer, has announced his intention to resign following the completion of the transaction,” it added....
...worth several billion dollars (FT) Petropavlovsk shareholder says Takeover Panel probe hitting business (FT) Alibaba files for HK listing that may raise $20 billion as soon as third quarter (Reuters) Callaway...
...Callaway, more exposed to clubs, saw its earnings per share double in 2017. But the more intriguing thing about Callaway is its 14 per cent stake in Topgolf, the gamified driving range concept....
...“Make no mistake, Titleist, Ping, Callaway, TaylorMade, they’re all excellent companies and they make excellent products,” says Mr Parsons....
...BoA has also hired Andrew Callaway as a New York-based managing director in its US healthcare investment banking business. Callaway has previous experience at Wells Fargo and Deutsche Bank....
...“To the extent Temer fights these charges and PMDB loyalists go to the mattresses for him, it’s a net negative for medium-term growth prospects,” said Danny Freifeld, principal of Callaway Capital....
...The shares of Callaway are up nearly a tenth in 2016 so far....
...But earlier this month, equipment maker Callaway Golf said inventories had declined by 13 per cent. It slowed the introduction of new products, bringing demand and supply into better balance....
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