Camping – Page 24
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ArticleAustralian investment company acquires majority stake in Sea to Summit
Australian investment company Five V Capital has become the majority shareholder of Sea to Summit Pty Ltd, the adventure gear brand headquartered in Perth, Western Australia. Sea to Summit offers adventure equipment such as sleeping bags, dry bags, sleeping mats, tents, camping kitchens and outdoor accessories worldwide. In Australia, Sea ...
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News briefsZyroFisher expands existing distribution partnership with Camelbak
In addition to the existing portfolio of Camelbak’s cycling products, the U.K.-based company ZyroFisher will also distribute Camelbak’s outdoor, running, hiking, tactical and everyday bottles and drinkware products in the U.K. and Ireland starting June 1, 2022. The commercial activities will be overseen by Adrian Davison, senior brand manager at ...
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ArticleVista Outdoor outlines long-term vision and financial goals for proposed separation of its business
Vista Outdoor, the parent company of 39 brands including CamelBak, Bushnell Golf, Foresight Sports, Bell Helmets, Camp Chef, Giro, QuietKat and Stone Glacier, held its annual investor day for institutional investors and analysts at the New York Stock Exchange this week. Speakers included CEO Chris Metz, CFO Sudhanshu Priyadarshi and ...
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ArticlePelican International acquires GSI Outdoors
Canadian paddlesports supplier Pelican International, Inc. (not to be confused with U.S. specialty case manufacturer Pelican Products Inc.) has acquired a majority stake in Spokane-based GSI Outdoors. The transaction is an important step in Pelican’s growth as it strives to diversify its offerings in the North American and international outdoor ...
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News briefsSolo Brands with new CFO and new board members
Solo Brands has appointed Somer Webb as CFO, effective May 16. Sam Simmons, the company’s current CFO, will remain with Solo Brands to ensure a smooth transition. Somer brings more than 15 years of financial experience to Solo Brands. She has extensive experience in financial planning and analysis, mergers and ...
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ArticleSolo Brands records 19% sales increase in Q1
Solo Brands, the U.S. DTC company owning the Solo Stove, Oru Kayak, Isle paddleboards and Chubbies apparel brands, said its sales increased 19.0 percent to $82.2 million in Q1 2022, ended March 31, compared to $69.1 million in the first quarter of 2021. The increase was driven by the acquisitions ...
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News briefsBig Agnes opens new European headquarters
Colorado-based outdoor equipment brand Big Agnes has opened its new European headquarters in Amsterdam, from which it will directly serve its core European markets, including the Benelux countries, Scandinavia, the U.K. and France. By the end of next year, five employees will be working there in customer and dealer service, ...
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ArticleYeti sees big growth potential outside U.S.
Yeti’s first-quarter international sales rose 45 percent to $37.4 million from $25.8 million to account for 13 percent of period revenues and Yeti management thinks the segment can grow to more than 20 percent of its overall business over the long term. Despite current geopolitical headwinds in Europe, Yeti is ...
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News briefsPrimus starts global outdoor cooking content hub in three languages
Swedish cooking equipment specialist Primus has launched a new platform for outdoor recipes. Besides blog content and packing tips, the Primus Camp website is a source of recipes for outdoor cooking and will be updated regularly with new meals, as the company states. “Cooking in the outdoors should feel easy ...
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News briefsExped steps into new distribution partnerships in Austria and France
Zurich-based company Exped is expanding its brand presence in Austria and France and altering its distribution model for Austria. As of Sept. 15, 2022, the Austrian market will be served by Exclusiv Sportartikelvertrieb GmbH, which also carries Italian footwear specialist Scarpa as a sales agency. Thomas Miedl will be the ...
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ArticleClarus' outdoor results impacted by supply chain, logistics
Clarus Corp. posted a 7 percent decline in first-quarter net income to $5.3 million from $5.67 million despite a 50 percent increase in revenues to $113.3 million from $75.3 million. Sales benefitted from contributions from acquisitions Rhino-Rack ($24.5m) and Maxtrax ($24.5m). Outdoor segment sales were essentially flat at $51.5 ...
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ArticleJohnson Outdoors gets lift from camping, but fishing sinks
Johnson Outdoors’ operating income slipped 57.2 percent to $15.4 million from $36.0 million as total revenues fell 8.0 percent to $189.6 million from $206.2 million for the second quarter ended April 1. Gross margin slid to 36.2 percent from 45.2 percent, a decline the company blamed on higher material and ...
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News briefs
Newell Brands names Chris Peterson president and CFO
Newell Brands Inc., the owner of several brands including Marmot, Coleman and Campingaz, has promoted Chris Peterson, former chief financial officer and president business operations, to president and chief financial officer. Peterson will continue to lead all aspects of the company’s financial operations and maintain oversight of supply chain, procurement, ...
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News briefs
Hubaco Group brands Terra Nova, Wild Country and Extremities become employee owned
The founders of the British Hubaco group, Andy Utting and Carolyn Budding, have transferred their ownership to an employee ownership trust that will run the brands Terra Nova Equipment, Terra Nova Expeditions, Field Candy, Wild Country, Extremities and sister company YourSchoolUniform.com Ltd in the future. Sylwester Wacht was appointed as ...
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News briefs
MiiR releases product collaboration with Chris Burkard
U.S. camping equipment supplier MiiR (Russian for “peace”) has started a new special edition, incorporating images by outdoor photographer Chris Burkard on a camp cup, tumbler and bottle. The print shows a stream of glacial sediment running through a frozen landscape in the Icelandic highland, an aerial photo taken by ...
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News briefsHelen of Troy announces two new board members
Helen of Troy, whose brand portfolio includes Hydro Flask and Osprey Packs, has appointed Tabata Gomez and Elena Otero to its corporate board of directors, effective May 3. Gomez is president of the Hand Tools, Accessories & Storage Group of Stanley Black & Decker Inc. Otero recently retired as chief ...
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News briefs
Newell Brands’ outdoor sales lifted by early retailer orders
Newell Brands’ outdoor and recreation division’s first-quarter sales increased by 15 percent to $388 million, bolstered by accelerated orders of seasonal products by retailers, as operating income tripled to $45 million. Brands within the segment include Aerobed, Bubba, Campingaz, Coleman, Contigo, Marmot and Stearns. Core sales were 22.9 percent ...
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Article50 years after the sale of the brand, the Millet family has taken back the lead
Source: Millet Jean-Pierre Millet Millet Mountain Group, formerly part of the Swiss Calida Group and owner of the brands Lafuma and Millet, has completed its acquisition by the new main shareholder Jean-Pierre Millet (grandson of the brand Millet’s founders) and Inspiring Sport Capital, a private equity fund ...
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News briefsHans Eckerström succeeds Bengt Baron as chairman of Thule Group
At Thule Group’s Annual General Meeting, long-time board member Hans Eckerström was elected to succeed Bengt Baron as chairman of the board. Baron had decided in the fall of 2021 to retire from his role at this year’s AGM after eleven years on the board, the last four of which ...
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ArticleDometic sees Q1 sales jump 55% as M&A continues
Dometic generated sales of 7,518 million Swedish kronor (€727.0m) in the first quarter of 2022, up by 55 percent on the year earlier, as top-line growth continues to be underpinned by acquisitions. Organic growth at the Swedish specialist in mobile living products stood at 7 percent despite a challenging macroeconomic ...
