As a result of a strategic review made by the sportswear giant, its Executive Board announced it will enter into concrete negotiations with interested parties aimed at a divestiture of parts of the company’s golf division. Going forward, the group intends to focus its efforts in this market segment on further strengthening its position as a leading provider of innovative golf footwear and apparel through the adidas Golf brand.

At the same time the company will actively seek a buyer for the remainder of its golf business, which mainly comprises the TaylorMade brand, a market leader in golf equipment, as well as the Adams and Ashworth brands.

A final decision on the divestiture, including the detailed terms of a potential agreement, is still subject to approval by the Supervisory Board.