Lee Brice attends the ACM Lifting Lives TOPGOLF Tee-Off at TOPGOLF on April 06, 2019 in Las Vegas, Nevada.Callaway Golf, the $1.8 billion golf club maker, just bought Topgolf. The deal would value Topgolf at $2 billion, per aTopgolf is an entertainment company that operates outdoor and indoor golf games. The company generated $1.1 billion in revenue in 2019 and has grown at a 30% compound annual rate since.
"Topgolf is the best thing that happened to golf since Tiger Woods," Callaway CEO Chip Brewer said in an interview withCallaway initially invested in Topgolf in 2006 for 14% of the company. Callaway expects Topgolf to grow significantly after reporting a 233% increase in revenue in the past three years. Topgolf had 23 million total guests in 2019, with over half of customers identifying as non-golfers.
"Millennials want a parallel experience, and Topgolf is built on four things everyone loves – play, food and drinks, music and community" Erik Anderson, co-chairman Topgolf Entertainment Group, told
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Cocktails + Appetizers + Lighted Targets = Great Golf Experience
Why would millennials care either way?
thestevenwoods Is it still happening in San Diego? Let's get to the bottom of it thestevenwoods
Smart. Top golf is a social scene much more than a driving range, yet can be both. It’s a shame the two top golf places around NYC are out east. Randall’s island would be the perfect location for one.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside yachting's sexual harassment and bullying problem - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. capthlr how true is this?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside independent ad agency The Richards Group's problematic culture - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Vinted acquires rival fashion site United Wardrobe - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
McDonald's to host music festival to try to win over younger customers - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Still struggling with becoming A Profitable Forex trader? I can help you out,Make $3000 In Just A Week,No need to pay for Signals,Learn how to invest and generate income all by yourself.Become a successful forex trader today📊💰.DM for more info petersadelbert Do they plan to serve ice cream? Because if so, they need to start fixing those machines ASAP. We can't get mad at tabacco companies targeting the young then turn around and say this is normal with a straight-face.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Business Insider webinar: How to invest ahead of 2020 election - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I think there is a mistake coz you put Tom Lee's picture instead. You're welcome.
Source: BusinessInsider - 🏆 729. / 51 Read more »