The transaction is expected to close in the late second quarter or early third quarter of 2025, shared US brand-owner Topgolf Callaway Brands in a recent announcement.
“We are pleased to announce we have reached an agreement to sell the Jack Wolfskin business to ANTA Sports, a global leader in sports apparel and footwear,” commented Chip Brewer, President and CEO of Topgolf Callaway Brands. “This sale will allow us to increase our focus and optimize our resources on our core business. 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.”
Although the company is not updating its financial guidance at this time, embedded in its February 24, 2025 full year guidance was an estimate for its Jack Wolfskin business of approximately 325 million euros in revenue and 12 million euros of adjusted EBITDA. Given the typical seasonality of the Jack Wolfskin business, this full year estimate is comprised of approximately (a) 115 million euros in revenue and a loss of 18 million euros of adjusted EBITDA for the first half of 2025 and (b) 210 million euros in revenue and 30 million euros of adjusted EBITDA in the second half of 2025.
Jack Wolfskin has last changed hands in 2019 when it was bought by Topgolf Callaway Brands for 418 million euros.
