What caused the MacGregor Golf Company to go bust?



What caused the MacGregor Golf Company to go bust?

Over-production was an industry-wide problem and, in 1964, MacGregor was forced to liquidate 50 percent of that year’s product. The equipment glut led to the birth of off-course discount golf retailers.

Who bought out MacGregor?

The buyer was The Parkside Group, a newly-formed investment firm headed by Barry Schneider, who took the position of MacGregor’s chairman. Schneider had previously run floor covering distributor MSA Industries, which he had sold to DuPont in 1997.

Which pro golfers have played on MacGregor clubs?

Tommy Armour was the game’s top-selling pro club while Nelson, Hogan, Demaret and LPGA original Louise Suggs all had their names on MacGregor clubs. From 1947 through 1960, more touring pros used MacGregor clubs and balls than all others combined.

What is the history of MacGregor Golf?

MacGregor Golf Company’s origins date to the end of the 19th century and a company called Crawford, MacGregor and Canby, which manufactured wooden shoe lasts in Dayton, Ohio. The firm, which had been founded in 1822 as the Dayton Last Company, was co-owned by the Crawford brothers, John MacGregor, and Edward Canby.