Why Topgolf Callaway Selling Off Jack Wolfskin Is No Surprise

The outdoor brand Jack Wolfskin goes back to a new owner, Salzgitter does not want to be taken over and Hanf.com becomes Canadian: The M&A deals of the week in the FINANCE review. Jack Wolfskin changes to Anta Sports in China The German outdoor clothing manufacturer Jack Wolfskin will be sold to the sporting goods company Anta Sports from Hong Kong for 290 million US dollars (262 million euros). Previously, the company from the Hessian Idstein b…

Why Topgolf Callaway Selling Off Jack Wolfskin Is No Surprise

News broke last week that Topgolf Callaway is selling off its German sportswear company, Jack Wolfskin. File that newsflash under the heading, “Surprise/Not Surprise.” The deal is not surprising for a couple of reasons but it is surprising given both the buyer and the current global political climate. Let’s dive into the details. Surprise buyer, sort of Topgolf Callaway is selling Jack Wolfskin to Chinese apparel and footwear giant ANTA Sports i…