Callaway and Acushnet make peace
Callaway Golf and Acushnet Company have jointly announced a settlement of all the pending litigation and disputes between them. No money is changing hands, but under the terms of the agreement, each company will have specified rights to make ball and club products under patents owned by the other. Details of the settlement are confidential,...
Major golf alliance against counterfeits in the U.S.
Six golf vendors have taken joint legal action against websites in the U.S. that mainly target the state of Florida. The brands or companies that appear as plaintiffs are Ping, TaylorMade, Acushnet, SRI Sports, Cleveland and Callaway in this U.S. federal lawsuit against web-based retailers such as wholesalegolfplace.com, golfbestwholesale.com and others. The plaintiffs call their...
Callaway has a new leader
Callaway Golf, which has been suffering continued sales declines and losses in recent times, has a new president and chief executive to spearhead its expected turnaround. The company’s board of directors picked Chip Brewer to take on the role from March 5 onward after reviewing more than 50 candidates for the post. Brewer has a...
Perry Ellis licenses Ben Hogan apparel
Adding a fifth property to its roster of apparel brands, Perry Ellis has acquired the global intellectual rights to the Ben Hogan brand for apparel and accessories from Callaway Golf. The deal, whose price was not disclosed, covers South Korea and Japan as well. Perry Ellis is already the licensee of golf clothing for...
Callaway’s fiscal year ends in the rough
Callaway Golf reports a drop in sales of 17.2 percent to $154 million for the fourth quarter of2011. In the same period, the gross profit went down by 32 percent to $38 million. For the whole year, sales decreased from $967.7 to $886.5 million. The net loss jumped, however, from $18.8 to $171.8 million. The...
Justin Timberlake creative director at Callaway Golf
Alvaro Quiros in the upcoming Epic Demo campaign, with creative input from Justin Timberlake Justin Timberlake, the American singer, actor and heartthrob, has been appointed creative director at Callaway Golf. An avid golfer, Timberlake has been a Callaway staff professional since 2008. In his new job, he is meant to contribute to the golf brand’s...
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