Topgolf Callaway Brands (MODG) CEO Chip Brewer is preparing his business for its next act as the golf world continues to undergo massive change. Speaking with Yahoo Finance at the 29th annual Goldman Sachs retail conference on Wednesday, Brewer said the impact LIV Golf has had on professional golf is “a little early to measure,” but noted this year’s influx of money into the sport is likely a “net positive” for the business. As for Callaway’s relationship with its biggest name, Brewer said the… Source link
Read More »TopGolf CEO plans to outdrive recession risk
TopGolf is to driving ranges what Pizza Planet was to pizza shops, except non-fictional. The sport of golf saw tremendous growth during the height of the pandemic drove sportspeople towards socially-distanced outdoor activities. Now, during an inflationary reality for consumers, TopGolf looks to weather a cost-conscious visitor — while replicating its driving range formula at new geographic locations. “We’re really looking everywhere globally,” TopGolf CEO Artie Starrs told Yahoo Finance… Source link
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