Anta Sports to acquire Jack Wolfskin business for USD290m

Anta Sports Products Limited (HKEX: 2020) announced it will acquire the Jack Wolfskin business from Topgolf Callaway Brands Corp. for a base price of USD290 million in cash, subject to customary adjustments. The acquisition, executed through a subsidiary of Anta, is structured as a purchase of 100% equity interests in Callaway Germany Holdco GmbH, the "Target Company." Expected to close in the late second or early third quarter of 2025, pending regulatory approvals, the move aligns with Anta's "single-focus, multi-brand, globalization" strategy, aimed at strengthening its position in the outdoor sports segment. Integrating Jack Wolfskin, a specialist in outdoor apparel, footwear, and equipment, will provide Anta with exclusive material technologies, German engineering expertise, and a strong European presence. In a related announcement, Anta released its operational update for the first quarter of 2025, noting high-single digit positive growth in retail sales for both ANTA and FILA branded products, and a 65-70% positive growth for all other branded products. Anta assures that the Board considers the terms of the Sale and Purchase Agreement to be fair and reasonable.