Adidas CEO: "Strategic Review" Of Taylor Made Imminent?

Which is code for the possible sale of Taylor Made by parent company Adidas.

David Dusek reports for Golfweek.com that a decision is coming soon which will determine whether Taylor Made is sold or retained by CEO Herbert Hainer.

“Following a decade of strong and profitable growth, TaylorMade-Adidas Golf experienced two very difficult years in 2014 and 2015, caused by a number of structural, commercial and operational issues,” he wrote. “As a result, halfway through last year we started analyzing future options for our golf business. This strategic review is expected to be concluded by the end of the first quarter of 2016.”

In addition to initiating a restructuring program, Adidas hired an investment bank in 2015 to analyze future options for the company’s golf business, with specific mentions of the Adams and Ashworth brands.