Adidas Group announced Wednesday that it will look to sell its various golf brands, a group that includes TaylorMade, Adams and Ashworth.
Adidas had hinted at possibly selling some of its golf brands last year. The work force at TaylorMade was cut by 14 percent in November, and in March the company announced plans to cutback on product launches.
The most recent news, which accompanied the announcement of Adidas' overall first-quarter earnings, made the company's intentions clear.
"Earlier this morning, the company announced that it has concluded its analysis of the future options for the company's golf business," the announcement read.