Adidas selling off TaylorMade, Adams, Ashworth

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9:28 AM ET

Adidas announced Wednesday that its board had decided to sell all of its golf businesses including TaylorMade, Adams and Ashworth.

The decision is not a surprise, as the company admitted to exploring the possibility last August.

Adidas said Wednesday it would not get out of the golf business completely, focusing on golf footwear and apparel.

The question now is whether the company will be able to keep the stable of …

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