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"That momentum they so desperately needed didn't come," a source told the New York Post.
Adidas announced its plans to sell its golf division last May, but poor sales have scared away any potential bidders. The golf division, which includes TaylorMade and the Adams and Ashworth brands, is losing between $75 million and $100 million a year, according to the New York Post's source. Back in 2013, TaylorMade was raking in $1.7 billion in sales, and now sales are around $500 million.
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Hannah Abrams
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Hannah Abrams is the senior content editor for Promo Marketing. In her free time, she enjoys coming up with excuses to avoid exercise, visiting her hometown in Los Angeles and rallying for Leonardo DiCaprio to win his first second Academy Award.
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