SGB Update

Callaway Golf Partners with Japanese Apparel Firm

Callaway Golf Company said its Tokyo-based Japanese subsidiary, Callaway Golf K.K., completed the previously announced joint venture with its long-time licensee, TSI Groove & Sports Co, Ltd., a premier apparel manufacturer in Japan.

Brunswick Corp. Amends Credit Line

Brunswick Corporation has amended and extended the company`s revolving credit facility. The extended facility will be in effect through June 2021, and remains at $300 million.

New Balance Opens Distribution Center in MO

New Balance Athletics, Inc. will open the doors of a new, 165,000-square-foot distribution center in Earth City, MO. The center is part of an ongoing and growing investment that the Boston, MA-based and privately held company is making in the St. Louis area.

New Balance Opens First U.S. Flagship Store

New Balance will open its first U.S. Global Flagship Store at Boston Landing. The new retail experience will include a “Made.Boston” demonstration and shoe assembly area.

Mitchell & Ness Sold to PE Firm

Mitchell & Ness Nostalgia Co., a division of Adidas AG, has been acquired by a newly formed entity primarily owned by Juggernaut Capital Partners.

Implus Acquires Spenco Assets

Implus, a provider of athletic, fitness, and outdoor accessories, has acquired Spenco insole and 2nd Skin medical adhesive assets of Spenco Medical Corporation.

Golf Rounds Decline During May

Golf rounds played declined 2.2 percent in May 2016 compared to May 2015, according to Golf Datatech. On a year-to-date basis, rounds played are still up 1.8 percent.