Topgolf Callaway (MODG) has extended its multi-year licensing agreement with Perry Ellis International for the design, manufacturing and distribution of Callaway-branded golf and lifestyle apparel. Under the amended agreement, the collaboration with Perry Ellis International – originally signed in 2009 – will continue through December 31, 2032. The amendment also provides for the future introduction of a premium Callaway Apparel line, to be jointly developed and launched no later than 2028. Topgolf Callaway Brands owns and operates the Callaway Apparel brand in Korea and Japan.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MODG:
- Topgolf Callaway price target raised to $10 from $9 at JPMorgan
- Topgolf Callaway Brands Reports Strong Earnings and Raises Guidance
- Topgolf Callaway price target raised to $11 from $9.50 at B. Riley
- Cautious Hold Rating for Topgolf Callaway Brands Amid Sales Improvement and Structural Uncertainty
- Topgolf Callaway price target raised to $14 from $13 at Roth Capital