Golf Town has been owned by Ontario Municipal Employees Retirement System's private equity arm since 2007 when it bought the chain for $240-million (Canadian) including debt. The company had 32 stores at the time. Then in 2012, OMERS combined Golf Town with the U.S. Golfsmith business in a deal that added a hefty debt load.
Full Answer
Who is golf town limited?
Our Story... Since our founding in 1999, Golf Town Limited has grown to become Canada's golf superstore. With stores all across Canada, we have everything you need to play your very best. Golf Town Limited stores are sanctuaries where golf devotees come to try, buy, learn about and improve their game.
Who bought out golf town?
Fairfax Financial and CI Investments have agreed to buy retailer Golf Town from the chain's U.S. parent, which is seeking protection from its creditors. Fairfax and CI have agreed to buy Golf Town and its 55 Canadian locations from the retail chain's U.S. parent for an undisclosed sum.
Does OMERS own golf town?
OMERS also owns Golf Town, the largest golf retailer in Canada. The two brands operated as Golfsmith International, the largest golf specialty retailer in the world. On November 3, 2016, Golfsmith was approved by the U.S. Bankruptcy court of Delaware to be acquired by Dick's Sporting Goods after being purchased for 69 million dollars.
Who owns SCOREGolf Magazine?
Toronto Star owner Torstar is partnering with specialty golf retailer Golf Town Ltd. to acquire SCOREGolf magazine and its digital media assets. SCOREGolf, founded in 1980, is the largest circulated golf publication in Canada. The magazine is known for its rankings of the top 100 golf courses and top 59 public golf courses in Canada.
What was the advantage of taking golf town bankruptcy?
Rivett said the advantage in taking on a bankruptcy was the chance to take stock of Golf Town’s entire real estate portfolio in Canada, figure out what makes sense and then “right size” it. In this case, that meant reducing its number of stores from 55 to 47 and negotiating new tenant deals across the board.
How many people are in McKinnon's office?
With only 24 people in its head office in Vaughan, Ont., McKinnon also had the benefit of being able to hand pick the majority of his new management team.
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Is Golf Town sustainable?
Pivotal to Golf Town’s long-term sustainability was the launch of a new e-commerce platform last year that is expected to be a major revenue generator. “We are planning that the next three years will be about e-commerce,” McKinnon said, noting that growing online sales is the only way to fend off future threats from online giants like Amazon.com Inc. Ideally, he said, Golf Town hopes to become the landing spot for the latest and greatest golfing equipment online, as well as the ultimate portal site for golf in Canada.
Does Golf Town have a golf simulator?
In terms of its physical locations, Golf Town has invested in state-of-the-art golf simulators in all of its stores — McKinnon said they found success in renting these out during the winter months. In 2019, the company also experimented with pop-up stores in Calgary and B.C. that were well received but costly to operate.
Has Golf Town survived?
A little over three years later, Golf Town has not only survived, but is swinging back against the forces staring down all retailers these days.
Who is the president of Golf Town?
When Chad McKinnon, a sporting goods industry veteran, took over as president of Golf Town in 2016, some former colleagues questioned his sanity.
When is the Capital One golf match 2021?
The match will be held at the Wynn Golf Course in Las Vegas on November 26th, 2021.
How many golf events are held in Canada every year?
Every year over 35,000 golf events are conducted raising some $500 million for important charities across Canada. Many are conducted by volunteers that have little or no experience and limited access...
Do PGA Tour players have to read greens?
The PGA Tour’s best players will have to rely on their caddies to give them assistance reading greens after the Player Advisory Council agreed to ban green-reading books that show the slopes golfers face.
What is the GCA?
The GCA offers three levels of professional accreditation: Accredited Clubmaker, Professional Clubmaker and Advanced Clubmaker.
What is golfsmith school?
Golfsmith now conducts clubmaking schools throughout the year, at three levels of expertise: the Complete Clubmaker’s Training School, the Advanced Clubmaking, Fitting and Repair School, and the Master Craftsman School.
How many stores did Golfsmith have before bankruptcy?
Golfsmith took this opportunity to establish itself as the largest golf retailer in North America (164 stores before the bankruptcy).
How many states does Golfsmith have?
As of August 2014, Golfsmith operated over 100 stores in over 20 states, including Alabama, Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Kansas, Michigan, Minnesota, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, Tennessee, Texas, Virginia and Wisconsin .
What is Golfsmith?
Golfsmith published and distributed multiple print catalog titles throughout the year, including a general golf equipment catalog, one for custom golf club makers and one offering only tennis products. The company was the first golf retailer to publish a catalog of equipment and fashion exclusively for women.
When did Golfsmith go public?
Golfsmith’s initial public offering of stock was in June 2006. As of August 2014, Golfsmith operated over 100 stores in over 20 states. In October 2002, Golfsmith sold a majority share in the company to First Atlantic Capital. In 2005, Travis Murphy was awarded the Golfsmith International Employee of the Year award and was inducted into ...
Where is Golfsmith located?
Golfsmith International Holdings Inc. was an American golf specialty retailer based in Austin, Texas. Each store, along with golfsmith.com, housed a wide selection of golf clubs, shoes, apparel, gadgets and gear from all the major brands as well as proprietary offerings. They also offered custom club fitting, lessons and services for golfers.
History
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Qualification
The U.S. Open is open to any professional, or to any amateur with a USGA Handicap Index not exceeding 1.4. Players (male or female) may obtain a place by being fully exempt or by competing successfully in qualifying. The field is 156 players.
Prizes
The purse at the 2017 U.S. Open was $12 million, and the winner's share was $2.16 million. The European Tour uses conversion rates at the time of the tournament to calculate the official prize money used in their Race to Dubai (€10,745,927 in 2017).
Playoff format
Up to 2017, the U.S. Open retained a full 18-hole playoff the following day (Monday). If a tie existed after that fifth round, then the playoff continued as sudden-death on the 91st hole. The U.S.
Broadcasting
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