Golf Magazine

Golf Sale

By Golfrefugees
GOLF SALE
As reported a few months ago. Fortune Brands Inc is selling off their golf unit which includes Titleist golf balls, FootJoy shoes and gloves.Last year, in 2010, their golf unit had $100 million in cash flow which translates to a valuation of $800 to $1 billion.Potential suitors fall into four categories;High net-worth individuals who like playing golf - The Duke of YorkStrategic players - Sweatshop brandsPrivate equity firms - Loan sharksAsian or Middle Eastern sovereign investors - Friends of The Duke of York-------------------------------------------------

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