Acushnet Forms Vietnam Footwear Joint Venture with Myre

Acushnet Holdings ( (GOLF) ) just unveiled an update.

On January 6, 2026, Acushnet Cayman Limited, a wholly owned subsidiary of Acushnet Holdings Corp., entered into a Subscription and Shareholders’ Agreement with Myre Overseas Corp. to form ACL FootJoy Pte. Ltd., a joint venture focused on sourcing raw materials and contracting for the manufacture and production of Acushnet-branded footwear in Vietnam at factories owned or controlled by Myre and its affiliates. Under the agreement, Myre holds 60% and Acushnet Cayman 40% of ACL FootJoy’s ordinary shares, but Acushnet Cayman secures sole and exclusive rights to purchase, distribute, and arrange worldwide sale of all footwear produced at the partner factories, and gains significant governance influence through equal board representation, an Acushnet-appointed chair with a casting vote, and protective approval rights over business plans, budgets, organizational changes, and share transfers. This structure, alongside their long-standing China footwear joint venture dating back to June 1, 1995, underscores Acushnet’s strategy of tightening control over its Asian manufacturing base while ensuring stable, exclusive global supply for its branded footwear portfolio.

The most recent analyst rating on (GOLF) stock is a Sell with a $74.00 price target. To see the full list of analyst forecasts on Acushnet Holdings stock, see the GOLF Stock Forecast page.

Spark’s Take on GOLF Stock

According to Spark, TipRanks’ AI Analyst, GOLF is a Outperform.

Acushnet Holdings demonstrates strong technical momentum and solid earnings growth, particularly in key product segments and regions. However, profitability challenges and valuation concerns slightly temper the outlook. The company’s ability to manage cost pressures and leverage will be crucial for future performance.

To see Spark’s full report on GOLF stock, click here.

More about Acushnet Holdings

Acushnet Holdings Corp., through subsidiaries including Acushnet Company and Acushnet Cayman Limited, operates in the sporting goods industry with a focus on golf and related products, including footwear sold under its owned trademarks and brand names. The company leverages manufacturing and sourcing partnerships in Asia, including existing joint venture operations in China, to support its global supply chain for branded footwear.

Average Trading Volume: 308,201

Technical Sentiment Signal: Buy

Current Market Cap: $5.09B

For an in-depth examination of GOLF stock, go to TipRanks’ Overview page.