Anta Completes Jack Wolfskin Buyout as CEO Matthew Jung Steps Down

Anta has officially completed its acquisition of German outdoor brand Jack Wolfskin, just as the brand’s CEO, Matthew Jung, departs following a year and a half at the helm.

Jung’s exit, confirmed on June 3, closely follows Anta’s June 2 announcement of the deal’s closing. While Jack Wolfskin stated the departure was voluntary and tied to Jung’s pursuit of new opportunities, the timing has stirred speculation around internal strategic realignments under Anta’s stewardship. No successor has been announced, but the existing leadership team will maintain day-to-day operations, with the company signaling no imminent structural shakeups.

Jung first joined Jack Wolfskin in 2022 as General Manager of Greater China and was elevated to global CEO in early 2024. He previously spent several years at Nike, including a stint leading Converse in Asia, building a resume rooted in global brand management and cross-market execution.

His departure coincides with a pivotal moment in the brand’s history. In April, Anta signed a $290 million cash deal with Topgolf Callaway Brands Corp. to acquire Callaway Germany Holdco GmbH, Jack Wolfskin’s parent company. The move signals Anta’s continued push into the outdoor category, strengthening its already formidable portfolio that includes Arc’teryx, Descente, and KOLON SPORT.

Now under Anta’s ownership, Jack Wolfskin’s global footprint will be integrated into the group’s broader brand matrix, reinforcing the Chinese sportswear giant’s ambitions in high-performance outdoor gear on an international scale.