As TaylorMade athletes Rory McIlroy, Scottie Scheffler and Nelly Korda proceed their preparations for the most important tournaments of the summer season, there’s a quieter shift occurring off the course: TaylorMade is reportedly exploring a change in possession.
Centroid Funding Companions, the South Korean non-public fairness agency that acquired TaylorMade in 2021, has begun the method of promoting its stake within the model. The Korean Financial Every day first reported the information. And whereas particulars stay restricted, the transfer displays sturdy investor curiosity as golf continues to trip a post-pandemic wave. TaylorMade has undoubtedly capitalized on this momentum in years, matching its experience in drivers and fairways woods alongside sharp branding and tongue-in-cheek campaigns (keep in mind that Christmas shoot?).
Since Centroid’s acquisition, TaylorMade has grown steadily, posting a median annual progress price of over 10% in web gross sales and greater than 15% in EBITDA (earnings earlier than curiosity, taxes, depreciation, and amortization), in line with stories. The corporate has additionally expanded its affect, launching the Solar Day Purple attire line alongside Tiger Woods earlier this 12 months and persevering with to be the membership of selection for a number of the prime gamers on the earth like Scheffler, McIlroy, Korda and Collin Morikawa.
With its mixture of elite efficiency, cultural relevance and international momentum, TaylorMade stays one of the vital fascinating manufacturers in golf. Whether or not the possession shifts behind the scenes or not, the corporate’s trajectory or public going through picture present no signal of adjusting.
