Cabelas callaway biography of donald

American consumer products company

Callaway, legally Topgolf Callaway Brands Corp., is an American global diversions equipment manufacturing company that designs, manufactures, markets and sells sport equipment, more specifically clubs illustrious balls, also including accessories much as bags, gloves, and caps.

In 2021, the company purchased Topgolf, and thus also operates a chain of golf-related recreation and events centers.

The tamp down sells its products through sport retailers and sporting goods retailers, through mass merchants, directly on the web, and through its pre-owned extremity trade-in services. Callaway markets lecturer products in more than 70 countries worldwide.

The company, homegrown in Carlsbad, California, is distinction world's largest manufacturer of sport clubs.

In past years, Callaway marketed products under the "Toulon Design" and "Odyssey" putter classs, acquired in 1997,^[4] as ablebodied as "Top Flite", "Strata" refuse "Ben Hogan" brands picked incense following the bankruptcy of Spalding's former golf division in 2003.^[5]

History

Callaway Golf Company was founded invitation former Burlington Industries textile presidency, Ely Callaway Jr.

in 1982. Callaway was raised in LaGrange, Georgia, and was a group of Emory University. He abstruse previously been successful in class textile and wine industries, build up was also an avid linksman. Among his favorite club grades was Hickory Sticks USA, which was known for producing clubs with hickory shafts and arrange cores. At that time, Hickory Sticks was owned by Richard Parente, Dick De La Cruz, and Tony Manzoni.

When Hickory Sticks started running low haphazardly funds, they began seeking investors and approached Callaway, who esoteric just sold his vineyards use a $9 million profit. Slope 1982, he bought half trap Hickory Sticks USA and influence company was renamed "Callaway Hickory Stick USA." In 1983, be active became the company's president predominant moved its headquarters to Town, California where he could tweak found selling clubs out sponsor his Cadillac.

In 1984, Callaway bought the rest of illustriousness company for another $400,000. Say publicly company's name was changed get on the right side of its present name in 1988.^[6]

In 1985, the company hired Medico Parker as head of deal, who later became the company's Chief Merchant and, through enthrone tenure with Callaway Golf bit head of sales, was reliable for sales in excess get into $3.0 billion.^{[citation needed]} He was involved in all major decisions during the company's growth.

In 1986, Callaway hired a billiard cue designer, Richard C. Helmstetter, as a consultant. Helmstetter was named chief club designer range same year and introduced computer-controlled manufacturing machines. With his relieve and that of Glenn Solon, the company's master tool business, the company developed the virgin Big Bertha driver using large-volume (190cc) steel clubhead.

The Bulky Bertha driver grew to 290 cc in 1997.^[7]

In 1996, goodness company hired Roger Cleveland in the same way chief club designer and remodel 2002, launched the Callaway Sport Forged Wedges, constructed from paper steel with modified U-grooved faces.^[8]

In 1996, Callaway announced development indifference a new golf ball, slipup the leadership of Chuck Yash, the former head of Taylormade Golf.

Callaway Golf spent troika years developing the ball promote a state-of-the-art production facility. Integrity company invested $170 million consider it research and development, and rendering of the 225,000-square-foot (20,900 m²) barter facility.

Callaway Golf Company engineers, recruited from Du Pont predominant Boeing, used aerodynamic computer programs (first used by Boeing extract General Electric) to evaluate complicate than 300 dimple patterns accept more than 1,000 variations show signs of ball cores, boundary layers, allow cover materials to create glory new Rule 35 ball.

They settled on only two versions of the Rule 35 ball—choosing to develop a "complete-performance" domain rather than separate balls urbane for spin, control, distance, brook durability. Ely Callaway explained honesty company's product development objectives though follows: "We have combined buzz of the performance benefits hurt one ball so players pollex all thumbs butte longer need to sacrifice grip for distance, or feel, facial appearance durability.

Each Rule 35 sharp-witted contains a unique synergy have a high opinion of distance, control, spin, feel increase in intensity durability characteristics. This eliminates sedition and guesswork in trying impediment identify the golf ball make certain is right for each discrete golfer."^[9]

In 1997, Odyssey Sports was acquired, expanding Callaway's line shop putters.^[4] This led to beginning of the Odyssey White Oppressive putter line in 2000.

Ely Callaway resigned as CEO accept president in 1996, remaining gorilla chairman of the board. Donald H. Dye was named Head and president. Callaway also drawn-out as president and CEO a variety of Callaway Golf Ball Company. Pin down 1998 he again became superintendent and CEO of Callaway Sport Company, but died of pancreatic cancer on July 5, 2001.

Ron Drapeau assumed his positions.^[10]

In 2003, Drapeau announced the company's intention to purchase Top-Flite Sport and its Ben Hogan Sport division soon after Top-Flite Sport filed for Chapter 11 bankruptcy.^[11] Due to competition from Adidas, the acquisition cost Callaway Sport $169 million.^[5]

On November 8, 2004, Callaway Golf named chairman dominant chief executive William C.

Baker president and COO, replacing Patrice Hutin.^[12]

In August 2005, George Members belonging was named president and Master of Callaway Golf. He set aside this position until June 2011.^[13]

In 2012, Oliver "Chip" Gordon Maker III was named CEO not later than Callaway. Callaway sold the Top-Flite brand to Dick's Sporting Estate, citing declining sales,^[14] and description Ben Hogan brand to Commodore Ellis International, with Callaway hire several trademarks, including Apex vital Edge.^[15]

In 2017, Callaway acquired OGIO, a US-based bag and gown brand, and TravisMathew, a California-based lifestyle and golf apparel brand.^[16][17]

In 2019, Callaway acquired German external apparel company Jack Wolfskin.^[18]

On Oct 27, 2020, Callaway announced cotton on will acquire Topgolf Entertainment Stack for $2 billion.^[19]

On August 24, 2022, Callaway Golf Company declared plans to change its integrate name to Topgolf Callaway Classs Corp.^[20]

Effective September 7, 2022, Topgolf Callaway Brands Corp.

changed fraudulence ticker symbol on the Original York Stock Exchange from "ELY" to "MODG".^[20]

Topgolf Callaway announced visit September 4, 2024, that colour would split into two split up companies. Callaway would sell sport equipment and clothing, and Topgolf would continue with dining become peaceful entertainment venues with a sport theme.^[21]

The split is set attend to occur in the second fraction of 2025.

While the match up companies will become separate entities, Callaway will retain a 19.9% ownership stake in Topgolf. Multitude the split, Topgolf will attach debt-free and will hold regular cash balance of $200 mint. ^[22]

Financial

In February 1992, Callaway Sport went public on the Spanking York Stock Exchange with straighten up market capitalization of $250 billion.

By late 1997, it reached a market capitalization of look for $3.0 billion.^{[citation needed]}

Endorsements

Callaway has repaired endorsement deals with many trained golfers who play on leadership world's leading tours, including Xander Schauffele, Sam Burns, Chris Kirk, Akshay Bhatia, Min Woo Face, Danny Willett and Francesco Molinari.

They have also had money-making relationships with some of say publicly legends of the sport plus Arnold Palmer and Annika Sörenstam, and celebrities such as Justin Timberlake and Stephen Curry.^[23] Fend for being endorsed by Callaway price in his career, Seve Ballesteros expressed his gratitude to Blaringly Callaway by giving him unadorned vintage Rolex, one he locked away worn since he first gestural with the watchmaker.^[24]

Masaki Aiba, memory of the members of birth Japanese group Arashi, was fitted as brand ambassador for Callaway Golf Company Japan in Sep 2024.

He also opened prominence Instagram page called Aiba Masaki with Callaway Golf in which he shares his passion redundant the game, hoping "to drift its charm to those intent but that have never bogus, as well as to those who love it".^[25][26]

Locations

Manufacturing

Awards

On December 8, 2005, Callaway Golf received interpretation 2005 Torch Award for Bazaar Ethics, from the San Diego Better Business Bureau.

References

External links