Drive Shack Shifts Strategy, No Longer Pursues Marietta Market
January 11 2019 - 6:19PM
Business Wire
Drive Shack no longer plans to develop a venue in Marietta, GA.
The change in direction comes as part of the company’s enhanced
strategy and plans for growth, now led by new CEO Ken May.
Previously, May served as CEO of Topgolf where he was pivotal in
the business’s growth, opening 24 stores and quadrupling the
company’s workforce, all in just four years. Under his guidance
Drive Shack aims to be positioned for similar growth. As part of
the shift in direction, the company will be taking a deeper look at
locations in which American Golf, a Drive Shack Inc. subsidiary,
currently operates.
The City of Marietta has been an incredible partner and advocate
of Drive Shack. We greatly appreciate and are thankful for all the
support they have given us.
ABOUT DRIVE SHACK INC.
Drive Shack Inc. (NYSE:DS) is a publicly traded owner and
operator of golf-related leisure and entertainment businesses. The
company’s subsidiaries include American Golf, its traditional golf
enterprise that operates private, resort and public golf courses
nationwide, and Drive Shack, a golf and entertainment company that
features the latest in golf and gaming technology with venues
offering signature interactive range games, virtual course play,
restaurant and bar, and classic arcade game center. Drive Shack
opened its first venue in Orlando, April 2018, and has several
locations opening in 2019 including Raleigh, NC; Richmond, VA and
West Palm Beach, FL. For more information
visit driveshack.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20190111005494/en/
Media:Jeanette Chin516.206.8165jchin@driveshack.com
Investor Relations:Austin
Pruitt516.268.7460ir@driveshack.com
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