Deals
Adidas’ TaylorMade Chief Sees Big Golf Suppliers Getting Bigger
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Golf-industry consolidation is set to continue, according to the head of Adidas AG’s TaylorMade brand, as weaker equipment sales and a slowdown in course openings lead smaller businesses into the arms of larger competitors.
“It’s a very challenging industry to find success,” Mark King, chief executive officer of TaylorMade, said in an Aug. 2 phone interview. “In some parts of the industry, like retail, we’ve seen not only consolidation, but shrinking. We’ve seen the reduction of some of the golf courses. We’ve seen plants disappear. So there’ll still probably be some consolidation.”