A few years ago, Adidas was struggling to find much interest in its TaylorMade golf clubs. After Tiger Woods' historic Masters win on Sunday, it may want them back.
div > div.group > p:first-child"> The sportswear giant put the unit up for sale in 2016 to focus on its shoes and clothing, as the golf industry was under pressure.
It finally found a buyer in May 2017: Private equity firm KPS Capital Partners, which bought the brand, along with Adams Golf and Ashworth, for for $425 million. The partnership between Woods and TaylorMade came as Nike — the brand long most associated with Woods —shuttered its own golf equipment division after facing similar industry pressure.
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