Adidas to walk away from golf

Adidas has sold its golf equipment and clothing brands as interest in the sport plummets globally.

Golf wear assets TaylorMade, Adams Golf and Ashworth are reported to have been sold to a private equity firm for $US425 million. However golf superstar Rory Mcllroy has agreed a deal with TaylorMade to use the manufacturer's clubs, ball and golf bag for ten years.

Last year, Nike announced it was withdrawing from golf equipment sales, but continuing with apparel and footwear, and its' high profile sponsorships.

Read more from: Briefly...
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