Whatever your thoughts on TaylorMade's massive range on product and their strategy up to last year of introducing new clubs every couple of months, it's clear they do drive innovation and drag all the other brands along in the process. I for one am a fan and it's nice to see the brand is back making money even if it's still not good enough for Adidas.

CEO Herbert Hainer announced yesterday they plan to let 14% of the global workforce go before Christmas to make a more "nimble organization".

According to a report in the APosition

Adidas Group reported TMaG sales for the Q3 of 2015 at 159 million Euros in the quarter, an increase from 138 million Euros the same period in 2014. For the nine months of 2015, Adidas Group reported TMaG’s sales increased seven percent to 678 million Euros. That’s approximately $738 million –only about $100 million less than rival Callaway Golf’s total sales estimate for 2015. The Adidas Group did not release TMaG’s earnings numbers.

Terrible the way big business works. I feel sad for those families that will the affected in the run up to the "Festive" season.


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