Dalian Wanda Buys Ironman For $650M NYRA's Operating Loss Spikes Despite Triple Crown IMG College Buys TopShelf For Hospitality Adidas Seeking Buyer For Golf Brands Adidas Could Spin Off Golf Unit Adidas Buys Fitness App Runtastic For $239M Chime Sold To WPP, Providence Equity Callaway Golf Reports Mixed Q2 Results CDI Reports Record Quarterly Revenue Providence Equity, WPP Eye $547M Chime Takeover
Sale Of Spalding's Etonic Brand To New Entity Official
Published April 10, 2003
Spalding Sports Worldwide officially announced that it has sold its Etonic golf shoe and glove business to Etonic Worldwide, a newly formed entity led by former Dexter VP Ted Alfond. According to Spalding President & CEO Jim Craigie, the move is consistent with the company's plan to strengthen its balance sheet and focus resources behind the Top-Flite, Ben Hogan and Strata brands. Etonic Worldwide's management team will include former McKinsey & Company exec Tom Seeman and former Dexter execs Dan Ladd and Karen Pitts (Spalding).