Jack Wolfskin acquired by Anta Sports in £222m deal

Jack Wolfskin has been sold to Anta Sports for £222.21m ($290m) as part of an agreement by sports equipment company Topgolf Callaway.

The transaction, which is expected to close during the second or early third quarter of 2025, will allow Topgolf Callaway to focus on its core business of golf.

It comes after Topgolf Callaway was forecasting the outerwear retailer to contribute £282.47m (€325m) in sales to its brand this year, and £10.43m (€12m) in adjusted EBITDA.

Anta Sports owns brands including Canadian apparel group Arc’teryx, sports equipment company Salomon, Wilson and Atomic.

Topgolf Callaway Brands CEO and president Chip Brewer said: “This sale will allow us to increase our focus and optimise our resources on our core business.

“Importantly, the proceeds will further enhance our balance sheet and liquidity, reinforcing our financial flexibility ahead of our planned separation of Topgolf from our core operations.”

He continued: “We believe Anta Sports will be a good steward of the iconic Jack Wolfskin brand and we thank our Jack Wolfskin employees who have worked diligently to right-size this business and prepare it for this next chapter.”

Topgolf Callaway Brands bought Jack Wolfskin back in 2018 for £363.30m (€418m).

Click here to sign up to Retail Gazette‘s free daily email newsletter