Adidas Hires Guggenheim to Explore Golf Options Amid Slump

Updated on

Golf is waning in popularity in the U.S. and Adidas now forecasts a full-year sales decline for the business.

Photographer: Victor Fraile/Getty Images

Adidas AG said it hired Guggenheim Partners LLC to look at options for its flagging golf business as the German sportswear maker considers exiting a market that it once led.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.