Callaway Golf Company announced the sale of the Top-Flite brand to Dick's Sporting Goods. The announcement was made by Chip Brewer, president and CEO of Callaway Golf. "The decision to sell Top-Flite reflects the company's renewed focus and commitment to driving the proficiency of our core businesses, specifically the success of Callaway and Odyssey products," said Brewer. "Our strong working relationship with Dick's Sporting Goods went a long way towards the completion of this agreement and we look forward to their stewardship of the Top-Flite brand."
Perry Ellis International announced that it's completed the purchase of the intellectual property rights of the Ben Hogan family of brands from Callaway Golf Co. Perry Ellis will also assume all license arrangements, including South Korea and Japan, for apparel and accessories under the Ben Hogan brand name.