TaylorMade Golf’s Ashworth brand has been acquired by YGM Group, a Hong Kong based company that develops apparel retail and wholesale business and distributes for brands like Tommy Bahama. According to a press release, the terms of the deal were undisclosed.
TaylorMade Golf, headquartered in Carlsbad, finalized the purchase of Ashworth, makers of golf apparel, in 2008 for $26.5 million. At the time, Ashworth had posted $137.5 million in sales so far that year, according to reports, a loss of more than $12 million compared to a $5 million loss the same period of 2007. The company had 598 employees worldwide at the end of 2007, including more than 200 at its Carlsbad headquarters and its center in Oceanside.
YMG Group was founded in 1949. No other information about the sale was available as of press time.
Travel & hospitality reporter Mariel Concepcion can be reached at email@example.com or 858-634-4625.