TaylorMade to close Adams Golf headquarters in Plano, Texas
The Adams Golf headquarters in Plano, Texas, will be shuttered with business eventually being consolidated at TaylorMade's headquarters in Southern California, according to a statement from The Adidas Group (parent of TaylorMade-adidas, Ashworth, and Adams Golf).
"We recently announced that a reorganization of our company was being planned," a statement from the Adidas Group said. "This restructuring includes the consolidation of our Adams Golf business currently located in Plano, (Texas) to our global headquarters in Carlsbad, (Calif.). "We are also realigning our workforce at TaylorMade to better meet the needs of our business and ultimately, our consumers. This includes investing in new areas to strengthen our brands and strategically approach our future to reinforce our leadership in the industry."
TaylorMade sales are down 18 percent, year over year, according to the investment site The Motley Fool.