Edwin Watts Golf Shops files for bankruptcy protection
Golf Biz

Edwin Watts Golf Shops files for bankruptcy protection

Edwin Watts Golf Shops, which operates 88 golf shops in 15 states, has filed for bankruptcy protection, according to multiple reports.

Private equity firm Sun Capital Partners Inc., which owns Edwin Watts, made the Chapter 11 filing on Monday in a federal court in Delaware, listing the company's liabilities to assets as between $100-500 million. According to the court filing, Callaway Golf is the largest uninsured creditor of the company, owed $4.6 million.

The company has secured a $38 million loan to operate through bankruptcy restructuring and reorganization.

Edwin Watts was acquired by Sun Capital Partners in May 2007. In that time, the company has expanded its brick-and-mortar retail presence by one-third.

In 2010, the company reached an agreement with struggling retailer Sears to create Edwin Watts Golf Shops within Sears locations around the country. That experiment has since been discontinued.

Headquartered in Ft. Walton Beach, Fla., Edwin Watts was founded in 1968 in as a small pro shop in the same town.

About the author


Ryan Ballengee

Ryan Ballengee is founder and editor of Golf News Net. He has been writing and broadcasting about golf for over a decade, working for NBC Sports, Golf Channel, Yahoo Sports and SB Nation. Ballengee lives in the Washington, D.C. area with his family. He used to be a good golfer.

Ballengee can be reached by email at ryan[at]thegolfnewsnet.com

Ryan occasionally links to merchants of his choosing, and GNN may earn a commission from sales generated by those links. See more in GNN's affiliate disclosure.

Add Comment

Click here to post a comment

What Viktor Hovland’s lost golf clubs can teach us about traveling with sticks Vokey SM9 wedges revealed this week on the PGA Tour Trump, PGA of America settle over cancelled PGA Championship The one thing Tiger Woods will never do in a golf tournament The new TaylorMade Stealth driver hits the USGA conforming list