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Golf Industry News - Topgolf Callaway Brands

Topgolf has bought rival driving range experience business BigShots Golf for $29m from Invited as parent company Topgolf Callaway Brands (TGB) seeks to solidify its position in the off-course golf market.

EP Golf Ventures, a strategic investment partnership between Elysian Park Ventures and the PGA of America, announces the completion of the first closing of its first investment fund, EP Golf Ventures Fund I. 

Topgolf Callaway Brands Corp has unveiled a mixed set of results for trading in the first three months of the year, with its Topgolf chain achieving a 25% jump in revenue to $403.5m, while golf equipment sales were down 5% year-on-year to $443.7m.

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