Tiger Woods announced the launch of TGR: a new umbrella company for his business and philanthropic interests.
Woods told Fast Company he’ll serve as chairman of TGR and plans to be involved in day-to-day decisions.
While all of Woods’ existing ventures will be housed inside TGR, the company is also poised to expand into other arenas, including, possibly, equipment.
Jeff Kempler, COO of Sub Rosa, who assisted TGR with strategy and branding, told Fast Company, “The Nike change [exiting the equipment business] opened a previously unplanned-for opportunity.”
Kempler’s statement will certainly fuel rumors that Woods is involved in the purchase of TaylorMade from Adidas.
As a component of the rebranding, Woods’ current enterprises will be renamed. For example, the Tiger Woods Foundation will still exist, but the associated educational program will now be called TGR Edu.
The tournament management element, which has been housed under the Tiger Woods Foundation, will now be called TGR Live. Under TGR Live’s dominion: Three PGA Tour events (Quicken Loans National, Genesis Open, Hero World Challenge), as well as the Tiger Woods Invitational and Tiger Jam.
Not surprisingly, Tiger Woods Design will become TGR Design. Woods has designed two courses—El Cardonal in Cabo San Lucas, Mexico, and Bluejack National in Montgomery, Texas—as well as projects underway in the UAE, Mexico and China.
The Woods restaurant concept will also be folded into TGR. And the Woods Jupiter may be the point of departure for TGR’s first effort as the restaurant concept could prove viable elsewhere. “The [concept] is already in demand in several cities,” Woods said. “We are evaluating which ones [would] make sense if we expand.”
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Source: CNN
