All Canoe & kayak articles – Page 4
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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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ArticleSolo Brands with very profitable 2021
Solo Brands Inc., the U.S. company that began trading on the New York Stock Exchange in October 2021 and owns several DTC-focused brands, announced its financial results for the three and twelve-month periods ended Dec. 31, 2021. The operating results in 2021 include the activity of Oru Kayak, Isle Paddleboard ...
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News briefsJohnson Outdoors with new VP global ops & supply chain
Johnson Outdoors Inc, the U.S.-based company with a portfolio of brands in water sports, fishing, diving and camping that includes the Jetboil, Eureka, Ocean Kayak and Scubapro brands, has appointed Terry Troutman as its new vice president, global operations and supply chain. Troutman will report to Helen Johnson-Leipold, CEO, and ...
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News briefs
Solo Brands seeks new CFO
Solo Brands, the U.S. company that began trading on the New York Stock Exchange in October and owns several DTC-focused brands, including Solo Stove, Chubbies, Oru Kayak and Isle Paddleboard, announced that its current CFO, Sam Simmons, will step down later this year. Simmons will remain in the CFO role ...
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ArticleKent Outdoors acquires Kona Bicycles
Since its beginnings just over 34 years ago, Vancouver, B.C.-based bicycle manufacturer Kona Bicycles says it has “evolved from a small business in the Pacific Northwest to a far-reaching global brand.” On Jan. 19, the Canadian company announced that it has joined U.S.-based Kent Outdoors (formerly Kent Watersports) “to compete ...
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News briefsSolo boosts sales with acquisitions, but added expenses weaken income
Solo Brands, the U.S. company that began trading on the New York Stock Exchange in October and owns the Solo Stove, Chubbies, Oru Kayak and Isle Paddleboard brands, reported that net income attributable to Solo Stove Holdings fell 79 percent to $1.2 million from $10.3 million in the third and ...
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News briefsBig Gear Show in Utah announces dates for 2022
The Big Gear Show (TBGS) has announced the date for its next event. The U.S. multi-category trade show for the paddlesports, cycling, climbing and camping markets with fully integrated demos will return to Deer Valley Resort in Utah on Aug. 2-3, 2022. The debut of TBGS in Deer Valley last ...
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News briefsSolo Brands announces IPO pricing
Solo Brands, Inc., the owner of the Solo Stove, Chubbies, Oru Kayak and Isle Paddleboard brands, today announced the pricing of its initial public offering of 12,903,225 shares of its Class A common stock at a price to the public of $17.00 per share. In addition, the company has granted ...
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News briefsOvareVentures expands portfolio of outdoor brands
OvareVentures, a “committed growth initiative” of privately held Los Angeles-based holding company OvareGroup, has acquired Toronto-based Gull Lake Boat Works, a canoe and kayak manufacturer and restorer founded in 2008 by owner-operator Marc Russell. In August, OvareGroup named retail veteran Kara Anastasiadis president of the newly formed OvareGroup Outdoor Division. ...
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News briefsNew paddle trade show in Lyon
With the Covid-related postponement of the first Paddledays canoe show in Kassel, Germany, by one year to September 2022, a new player in the European paddling industry has stepped forward: The Paddle Sports Show in Lyon, France, now wants to replace PaddleExpo in Nuremberg, Germany, which was held for the ...
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News briefs
Solo Stoves re-named Solo Brands after acquisitions
U.S.-based camping stove manufacturer Solo Stove is now Solo Brands after announcing on Sept. 3 the acquisition of apparel company Chubbies Shorts, folding kayak manufacturer Oru Kayak (ISPO Brand New overall winner 2014) and ISLE, a maker of paddleboards for yoga, fishing, touring, surfing and more. The company plans to ...
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News briefs
Wesports makes further purchases and recruits e-com pioneer Johan Ryding to the board
WeSports’ previously reported shopping spree does not appear to be over, as the Swedish group has now reported its entry into the water sports and water leisure products market with the acquisition of Finwake, a leading water sports equipment specialist from Finland. Finwake has a strong position in Finland with ...
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News briefsGlobal canoeing and kayaking equipment market on the rise, driven by North America
The global canoeing and kayaking equipment market is expected to grow by US$105.37 million during the 2021-2025 period, according to new market research by Technavio. This would represent a compound annual growth rate (CAGR) of nearly 2 percent during the forecast period, with North America likely to generate 41 percent ...
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ArticleIncreased demand helps Johnson Outdoors reel in higher sales, profits
Johnson Outdoors reported a rise in third-quarter sales and profits driven by a continued recovery in fishing, camping and water recreation. At the same time, diving also showed signs of a turnaround as Covid-19 travel restrictions were further eased. Total company net sales for the three months to July 2 ...
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News briefsPaddle Days take over PaddleExpo’s legacy in September
A new trade show for paddlesports, Paddle Days (“Kanu Ordertage”), will be held in Kassel, Germany, on Sept. 25 and 26, 2021. The trade show, organized by Prowave on behalf of the German Canoe Association (BV Kanu), is considered a continuation of the defunct PaddleExpo and aimed at manufacturers and ...
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News briefsPelican International acquires Advanced Elements
Pelican International Inc. of Québec, Canada, a paddle sports manufacturing group that includes brands such as Pelican, Wilderness Systems, Perception, Dagger, Mad River Canoe, Harmony Gear and Boardworks, has acquired California-based inflatable watercraft pioneer Advanced Elements Inc. through its wholly-owned subsidiary Confluence Outdoors Inc. Details of the transaction were not ...
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ArticleLockdown life drives demand growth for Johnson Outdoors in Q2
Pent-up demand from people stuck indoors during the Covid pandemic has helped Johnson Outdoors report a surge in second-quarter sales and profits. Total company net sales in the second quarter to April 2 rose 26 percent year on year to $206.2 million. Operating profit for the period rose to $36 ...
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News briefs
Aquapac invests in growth during lockdown
U.K. outdoor and watersports accessories brand Aquapac has reported strong sales performance in the last nine months. The best performance in the first half of the fiscal year in four years is attributed to investment in new products, a new marketing manager and the Covid-19 pandemic, which is bringing more ...
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News briefs
ICF Canoe Freestyle World Championships 2021 postponed to next year
British Canoeing and the International Canoe Federation (ICF) have confirmed the postponement of the 2021 ICF Canoe Freestyle World Championships, which were scheduled to take place July 12-17, 2021, at Holme Pierrepont Country Park in Nottingham. The postponement of the event to June 28-July 2, 2022, is in response to ...
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News briefsHobie Cat sold to executives from Maynards Industries
Hobie Cat Co., the U.S. company operating in the surfing, paddle sports, sailing and SUP markets, has reportedly been sold to a private equity group consisting of executives from Maynards Industries, an industrial auction house. According to a report in SGB Executive, Hobie Cat “was discretely sold” to a team ...
