Acushnet, which is the parent company of Titleist and Footjoy, is holding discussions with various investment banks in preparation for a possible return to the stock market, according to Bloomberg. The company, which has been performing better than TaylorMade-Adidas Golf and other golf majors in a difficult market, was sold in 2011 to a group of investors that included Fila Korea for $1.23 billion. Bloomberg indicates that they are seeking a valuation of $2 billion through the planned flotation. In the first half of this year, Acushnet's sales declined by one percent to $862.6 million, but its net profit improved by 23 percent to $62.46 million.

Topics