For Fortune Brands, which owns the Acushnet Golf brand, management pointed to several emerging markets that represented key growth opportunities for golf, specifically Korea, which the company saw grow 30% last year, and China.
Speaking at the Raymond James Institutional Investors Conference last week, Fortune Brands management also pointed to new products, including Asia-specific products like the VG3 series, which had (great success” last year. In late 2010, management for Fortune brands confirmed will sell or spin-off its golf business. That process is currently under way.
