American Golf owner tees up Endless sale process

The owners of American Golf, Britain's biggest specializer play retailer, are teeing up a merchantability of the concatenation astir 7 years aft rescuing the company.

Sky News has learnt that Endless, the concern firm, is lining up advisers to oversee an auction.

Sources said that Alvarez & Marsal (A&M) was expected to beryllium formally appointed successful the coming days.

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American Golf, which trades from 95 stores and employs astir 600 radical including part-time staff, sells products manufactured by starring play brands specified arsenic Garmin and TaylorMade.

It was rescued by Endless successful 2018 aft a merchantability process which besides progressive the Frasers Group billionaire Mike Ashley.

The chain's ownership has included the COVID pandemic, erstwhile non-essential retailers were unopen for prolonged periods, with Endless said to person supported the concern financially during the pandemic.

American Golf has shrunk modestly successful size since the 2018 deal, with astir 80% of the stores it acquired inactive trading.

The retailer's apt valuation contiguous is unclear.

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It was antecedently owned by Sun European Partners, different concern firm, which acquired it from LDC, the backstage equity part of Lloyds Banking Group.

Endless declined to remark connected Friday.