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Adidas sells struggling golf business


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Adidas said on Wednesday it would sell off its golf equipment brands, as it published "record" quarterly results showing a strong performance in the United States, a key market for the German sports giant. Following a "strategic review" of its golf business, Adidas said it would "actively seek a buyer" for some of its top equipment brands, including TaylorMade, Adams and Ashworth. The firm said it would focus on selling golf shoes and clothing through its Adidas Golf brand.

 

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