TaylorMade: Difference between revisions

Browse history interactively

← Previous edit

Content deleted Content added

VisualWikitext

Revision as of 16:24, 23 July 2023 edit Billjones94 (talk \| contribs) Extended confirmed users 120,143 edits ndash Tags: Mobile edit Mobile web edit ← Previous edit		Latest revision as of 22:59, 20 May 2024 edit undo Citation bot (talk \| contribs) Bots 5,257,101 edits Altered template type. Add: date, authors 1-1. \| Use this bot. Report bugs. \| Suggested by Superegz \| [[Category:Golf in the United States‎] \| #UCB_Category 30/36
(10 intermediate revisions by 8 users not shown)
Line 28: }} '''TaylorMade Golf Company''' is an American [[sports equipment]] manufacturing company based in [[Carlsbad, California]], [[United States]]. The company focuses on the [[golf equipment]] market, producing [[golf club]]s, [[golf ball\|balls]], and [[clothing]]. TaylorMade Golf is currently a [[subsidiary]] of Centroid Investment ~~partners~~Partners after it was purchased from [[KPS Capital Partners]] in May 2021.<ref>{{Cite web\|title=TAYLORMADE GOLF COMPANY, INC. TO BE ACQUIRED BY CENTROID INVESTMENT PARTNERS – TaylorMade Golf (news)\|url=https://newsroom.taylormadegolf.com/en-US/198939-taylormade-golf-company-inc-to-be-acquired-by-centroid-investment-partners\|access-date=2021-09-11\|website=newsroom.taylormadegolf.com}}</ref> TaylorMade's initial success came with the innovation of metal drivers, which debuted in 1979 and have subsequently dominated the golf market.<ref>{{Cite web\|url=http://www.fundinguniverse.com/company-histories/taylor-made-golf-co-history/\|title=History of Taylor Made Golf Co. – FundingUniverse\|website=www.fundinguniverse.com}}</ref> In September 2012, [[Outside (magazine)\|''Outside'']] magazine named TaylorMade one of America's "Best Places to Work".<ref>{{cite web\|url=http://www.pga.com/golf-equipment/golf-buzz/taylormade-named-one-outsides-best-places-work\|title=TaylorMade named one of Outside's best places to work\|work=PGA.com}}</ref> Line 43: === Sale to Adidas (1997) === Shortly after the Adidas [[Mergers and acquisitions\|acquisition]], the image and focus of TaylorMade were redirected to take over the driver market; the company succeeded in achieving this goal in late 2005, when it officially became the top driver in golf. TaylorMade bought golf clothing companies [[Ashworth (clothing)\|Ashworth]] in 2008 and [[Adams Golf]] in 2012 but sold them to KPS Capital Partners in 2017.<ref>{{cnCite web \|date=~~April~~2012-06-01 ~~2023~~\|title=TAYLORMADE-ADIDAS GOLF COMPANY COMPLETES ACQUISITION OF ADAMS GOLF \|url=https://www.adidas-group.com/en/media/news-archive/press-releases/2012/taylormade-adidas-golf-company-completes-acquisition-adams-golf/ \|access-date=2024-02-07 \|website=adidas-group.com}}</ref><ref>{{Cite web \|date=2008-10-13 \|title=TAYLORMADE-ADIDAS GOLF COMPANY TO ACQUIRE ASHWORTH, INC. \|url=https://www.adidas-group.com/en/media/news-archive/press-releases/2008/taylormade-adidas-golf-company-acquire-ashworth-inc/#:~:text=Herzogenaurach%20%2F%20Carlsbad%2C%20California%2C%20October%2013%2C%202008%20%E2%80%93,Ashworth%2C%20Inc.%20for%20%241.90%20per%20share%20in%20cash. \|access-date=2024-02-07 \|website=adidas-group.com}}</ref><ref>{{Cite web \|date=2017-05-10 \|title=Adidas sells golf businesses for $425 million \|url=https://www.espn.com/golf/story/_/id/19351857/adidas-sells-golf-businesses-taylormade-adams-golf-ashworth-425-million \|access-date=2024-02-07 \|website=ESPN.com \|language=en}}</ref> === Sale to KPS Capital Partners (2017) === In 2017 it was announced that [[Tiger Woods]] and [[Rory McIlroy]] had signed with TaylorMade after [[Nike, Inc.\|Nike]]'s golf division closed.<ref>{{cite web \|url=https://www.golfdigest.com/story/2017-tiger-woods-signing-with-taylormade-among-equipment-stories-of-the-year \|title = Tiger Woods signing with TaylorMade among equipment stories of the year {{!}} Golf News and Tour Information {{!}} Golf Digest}}</ref><ref>{{cite ~~web~~news \|url=https://www.theguardian.com/sport/2017/may/09/rory-mcilroy-100m-taylormade-players-championship-golf \|title = Rory McIlroy signs $100m TaylorMade deal before Players Championship {{!}} Rory McIlroy {{!}} The Guardian\| website=[[TheGuardian.com]] \| date=9 May 2017 \| last1=Murray \| first1=Ewan }}</ref> On May 10, 2017 it was announced that [[KPS Capital Partners]] acquired TaylorMade for US$425 million.<ref>{{Cite news\|url=https://www.forbes.com/sites/erikmatuszewski/2017/05/13/this-week-in-golf-biz-taylormade-is-sold-mcilroys-100-million-deal-pxgs-new-wedges/#293b8ccf1041\|title=This Week In Golf Biz: TaylorMade Is Sold, McIlroy's $100 Million Deal, PXG's New Wedges\|last=Matuszewski\|first=Erik\|work=Forbes\|access-date=2017-11-07\|language=en}}</ref> The deal was completed in November of 2017.<ref>{{Cite web\|url=https://golf.com/gear/taylormade-golf-sold-for-425-million-to-kps-capital-partners-lp/\|title=TaylorMade Golf sold for $425 million to KPS Capital Partners LP}}</ref> Line 53: === Sale to Centroid Investment Partners (2021) === On February 2, 2021 the New York Times reported that KPS had hired [[Morgan Stanley]] to run a sale of ~~Taylormade~~TaylorMade with a value estimated around US$2 billion. <ref>{{Cite news\|last1=Sorkin\|first1=Andrew Ross\|last2=Karaian\|first2=Jason\|last3=Merced\|first3=Michael J. de la\|last4=Hirsch\|first4=Lauren\|last5=Livni\|first5=Ephrat\|date=2021-02-02\|title=How to Fix the Markets\|language=en-US\|work=The New York Times\|url=https://www.nytimes.com/2021/02/02/business/dealbook/trading-markets-trust.html\|access-date=2021-09-08\|issn=0362-4331}}</ref> On May 11, 2021 Centroid Investment Partners - a Korean private equity firm - signed a definitive agreement to purchase ~~Taylormade~~TaylorMade from KPS<ref>{{Cite web\|date=2021-05-11\|title=Centroid Investment Partners to Acquire TaylorMade Golf Company, Inc.\|url=https://www.businesswire.com/news/home/20210511006102/en/Centroid-Investment-Partners-to-Acquire-TaylorMade-Golf-Company-Inc.\|access-date=2021-09-08\|website=www.businesswire.com\|language=en}}</ref> for a value of US$1.7 billion.<ref>{{Cite web\|title=Korea's Centroid Investment to name strategic partners next week - Pulse by Maeil Business News Korea\|url=https://pulsenews.co.kr/view.php?year=2021&no=548479\|access-date=2021-09-08\|website=pulsenews.co.kr\|language=ko}}</ref> ===Sun Day Red (2024)=== On February 12, 2024, TaylorMade partnered with [[Tiger Woods]] to launch the golfer's apparel line, Sun Day Red.<ref>{{cite web\|last=Romero\|first=Brittany\|url=https://www.golfdigest.com/story/tiger-woods-apparel-announcement-taylormade-sunday-red\|title=Tiger Woods announces new apparel line Sun Day Red\|work=[[Golf Digest]]\|date=February 12, 2024\|accessdate=February 12, 2024}}</ref><ref>{{cite web\|last1=Hirsch\|first1=Lauren\|last2=Friedman\|first2=Vanessa\|url=https://www.nytimes.com/2024/02/12/business/tiger-woods-sun-day-red.html\|title=Tiger Woods Introduces His New Brand: Sun Day Red\|work=[[The New York Times]]\|date=February 12, 2024\|accessdate=February 12, 2024}}</ref> == Parent companies == Line 64 ⟶ 67: == Endorsements == As with most golf equipment companies, TaylorMade maintain endorsement deals with many [[professional golfer]]s on the leading [[professional golf tour\|tours]], including past [[Official World Golf Ranking\|world number ones]]. ~~Such~~such as [[Tiger Woods]], [[Rory McIlroy]], [[Scottie Scheffler]] and [[Dustin Johnson]]. Most contracted players will have the majority, if not all, of their playing equipment supplied by the company, including [[Collin Morikawa]], [[Tommy Fleetwood]], [[Nelly Korda]] ~~and~~, [[Brooke Henderson]] and [[Charley Hull]]. A few are only contracted for one item, such as [[Rickie Fowler]] whose deal only extends to golf balls.<ref>{{Cite web\|url=https://www.taylormadegolf.com/tourplayers.html\|title=Team TaylorMade \| TaylorMade Golf\|website=www.taylormadegolf.com}}</ref> ==See also== Line 77 ⟶ 80: {{Sports equipment brands}} {{Tiger Woods}} [[Category:1979 establishments in Illinois]]