All Hunting & Fishing articles – Page 2
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Article
Vista to review strategic alternatives, shareholder meeting postponed
The Board of Directors of Vista Outdoor wants to examine strategic alternatives for the future of Revelyst and The Konetic Group – and is postponing the shareholders’ meeting once again.
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News briefs
Gridiron Capital sells GSM Outdoors to Platinum Equity
The Connecticut-based investment firm announced the signing of a definitive agreement to sell its majority interest in GSM Outdoors to a California-based private equity firm.
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Article
Rapala VMC feels market improvement but sees potential troubles ahead
Rapala VMC, despite experiencing favorable market conditions during H1, including improved retail activity, is expressing some worry about the upcoming winter season.
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News briefs
Vista responds to MNC’s comments amidst wrangling over partial sale of the group
Vista Outdoor says that MNC Capital misled Vista’s investors by claiming that it needed the group’s approval to make a tender offer.
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Article
CSG increases purchase price for The Kinetic Group to $2.15bn
CSG increased the base purchase price for acquiring The Kinetic Group business by $50 million to $2.15 billion, while Vista Outdoor reaffirms its FY25 outlook and reports preliminary Q1 results.
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Vista Outdoor ammo sale facing headwind, and support
Before Vista Outdoor’s shareholders vote on the sale of The Kinetic Group ammunition business to CSG on July 23, two investors have come out strongly against the deal, while another proxy advisory firm is now recommending the purchase after initial opposition.
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Article
Vista’s Board of Directors reaffirms committment to sale of The Kinetic Group to CSG
Vista Outdoor’s Board of Directors has issued an open letter to its shareholders recommending once again the sale of The Kinetic Group, Vista’s ammo segment, to the Czech company CSG.
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Article
CSG raises purchase price for The Kinetic Group to $2.1bn
Continuing the back-and-forth over the partial or complete sale of its business segments, Vista Outdoor has announced that it has entered into an amendment to the merger agreement with Czechoslovak Group a.s. (CSG) that increases the purchase price payable by CSG for the acquisition of The Kinetic Group business by ...
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Article
Tug-of-war over Vista and Kinetic Group continues
While Vista Outdoor announced on June 25, after a long wait, that the Committee on Foreign Investment in the United States (CFIUS) has finally approved the proposed acquisition of Vista Outdoor’s The Kinetic Group division by Czechoslovak Group a.s. (CSG), Montréal-based MNC Capital Partners has once again stepped up its ...
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Article
Reaction to ISS disapproval: CSG increases offer for The Kinetic Group
After the US proxy advisory firm Institutional Shareholder Services (ISS) recommended that Vista Outdoor shareholders abstain from voting on the Czechoslovak Group’s (CSG) offer for Vista Outdoor’s The Kinetic Group ammunition business, the Czech prospective buyer has now increased its purchase offer by $40 million from $1.96 billion to $2 ...
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News briefs
Ukrainian retail chain IBIS opens new store in Kyiv
Ibis, founded in 1994, is one of Ukraine’s largest outdoor sports chains, primarily focused on hunting and fishing. It has opened a new retail outlet in Kyiv, the company’s largest store in the capital city. The company operates eight doors in Kyiv, in addition to the three stores in Odesa, ...
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Article
US outdoor participation reaches record levels for ninth consecutive year
The US Outdoor Industry Association (OIA) and its philanthropic arm, the Outdoor Foundation, released the results of its 2024 Outdoor Participation Trends Report this week. The report provides outdoor industry members with exclusive participation and activity data that will inform business strategies for the coming year. The report shows that ...
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News briefs
The winners of the Scandinavian Outdoor Award Spring/Summer 2025
The Scandinavian Outdoor Award Spring/Summer 2025 winners were announced at OutDoor by ISPO on June 4, following extensive testing and discussions by an international jury in Lenzerheide, Switzerland. Overall Winner: FabPatch The Finnish brand FabPatch won for its high-quality repair patches for outdoor gear and apparel. These patches help extend ...
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News briefs
Rapala slims down global management team
After the Finnish company Rapala VMC, a global market leader in fishing lures, fishing hooks and fishing-related knives and tools, initiated a strategic realignment at the beginning of the year aimed at becoming more operationally agile, Executive Vice Presidents Päivi Ohvo (Head of Human Resources), Enrico Ravenni (Head of APAC ...
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News briefs
Altor sells 6.9% of RVRC shares
Private equity company Altor has sold shares in outdoor company Revolution Race (RVRC) for SEK 397 million (€35.2m) last Friday, habit.se reported. The sale was made at a discount of about 7.3 percent compared to RVRC’s last closing price on Thursday. Altor, which recently bought Renewcell’s bankruptcy estate, had a ...
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News briefs
Nyrensten resigns from the RVRC Board of Directors
As announced in May 2024, Niclas Nyrensten, board member and co-founder of RVRC Holding AB (RevolutionRace), has requested his own resignation from the board of RevolutionRace. The Board now consists of Alexander Martensen-Larsen, Sara Diez Jauregui, Cecilie Elde, Andreas Källström Säfweräng, Birgitta Stymne Göransson and David Thörewik.
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Article
Norrøna continues to invest in adventure tourism
Norwegian outdoor brand Norrøna and the renowned Danish architecture firm Dorte Mandrup A/S have joined forces to create a unique nature hotel on the west coast of the island of Senja in northern Norway. Source: Nikolai Schirmer Senja – where mountains meet the sea Norway’s second-largest island ...
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News briefs
Rapala joins UN Global Compact
Finnish fishing tackle manufacturer Rapala VMC Corporation announced that it has joined the United Nations Global Compact. Membership in the UN Global Compact allows the company to leverage the expertise and resources of this prestigious organization to advance its sustainability agenda. By aligning with global standards, Rapala VMC aims to ...
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News briefs
Angling Direct sees full-year profit double
UK-based fishing tackle retailer Angling Direct saw its pre-tax profits climb to £1.5 million (€1.7m) in the year ended Jan. 31, 2024, up from £700,000 (€815,000) the year before, driven by the development of its omnichannel offer and the growth of its store footprint. Gross margin increased by 34.9 percent. ...
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News briefs
Niclas Nyrensten declines re-election and leaves RVRC’s board
Niclas Nyrensten, board member and co-founder of RevolutionRace (RVRC), has announced that he will not seek re-election to the company’s board and will step down in July 2024 at the latest. “The company has, after 10 years, become mature enough to manage without the founders – I and Pernilla, said ...