05:32 AM EDT, 04/10/2025 (MT Newswires) -- Topgolf Callaway Brands ( MODG ) said Thursday it has agreed to sell the Jack Wolfskin brand to ANTA Sports for a base price of $290 million.

The transaction, subject to regulatory approvals, is expected to close in late Q2 or early Q3, the company said.

Topgolf Callaway Brands ( MODG ) President and Chief Executive Chip Brewer said the sale will allow the company to "optimize our resources on our core business."