MacGregor, one of the most storied names in golf, met its end as an independent company recently when the name was bought by GolfSmith. Its demise was a result of market changes, unfortunate timing, poor business decisions and just plain bad luck.
GolfWeek has a nice retrospective on the rise and fall of MacGregor.
I actually have a good degree of hope for the MacGregor brand in the hands of GolfSmith. I like the company’s in-house products, and have faith that their club design abilities—most often shown in their component lines—will serve the venerable MacGregor line well.