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Callaway Golf announces completion of joint venture with TSI Groove & Sports

Jul. 01, 2016 7:45 AM ETTopgolf Callaway Brands Corp. (MODG) StockMODGBy: Niloofer Shaikh, SA News Editor
  • Callaway Golf Company (NYSE:ELY) announced completion of the previously announced joint venture between its Tokyo-based subsidiary, Callaway Golf K.K., and TSI Groove & Sports, a premier apparel manufacturer in Japan.
  • Callaway Golf will hold a 52% stake in the new venture and will be effective from July,1.
  • The company's recent guidance includes the completion of the joint venture.
  • Press Release

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