All Hunting & Fishing articles – Page 3

  • Compass-Diversified
    Article

    CoDi's aggregate Q1 sales nearly unchanged despite net loss

    2024-05-02T05:50:00Z

    The net loss from continuing operations in Compass Diversified’s (CoDi) branded consumer companies related to sports, outdoor and apparel (5.11 Tactical, Boa, PrimaLoft, and Velocity Outdoor) was $10.5 million against a profit of $1.79 million for the three months ended March 31. Aggregate sales for the four businesses were essentially ...

  • Revelyst_Logo_COMBOMARK_STACKED
    News briefs

    Revelyst reschedules investor day to early fall

    2024-05-01T09:08:00Z

    Revelyst, the outdoor segment of Vista Outdoor Inc., has announced that the company will postpone its investor day. The change comes in light of the Vista Outdoor Board of Directors’ recent decision to postpone the date of its planned shareholder vote in connection with its third-party investment in the company. ...

  • Compass-Diversified
    News briefs

    Compass Diversified divests Crosman

    2024-05-01T07:13:00Z

    Connecticut-based Compass Diversified (CoDi), the owner of owner PrimaLoft, Boa Technology, 5.11 and Velocity Outdoor, has reached an agreement to sell Crosman Corp., the airgun division of its Velocity Outdoor subsidiary, to Arkansas-based Daisy Manufacturing Co. Financial terms of the transaction for the parent of the Crosman, Benjamin, Game Face, ...

  • Shimano_logo.svgz
    Article

    Shimano value sales down double-digit in Q1

    2024-04-24T16:29:00Z

    Even during the bicycle boom in the Covid years, the world’s leading bicycle component manufacturer Shimano Inc. repeatedly stepped on the brakes in its outlook for the time after the pandemic. At least the sales figures for the first quarter of 2024 show that the Japanese company was not so ...

  • vista_outdoor_logo_kopie_8
    Article

    Vista Outdoor leaves option open to sell to MNC for higher price

    2024-04-22T13:00:00Z

    The uncertainty surrounding the future of Vista Outdoor, respectively Revelyst and The Kinetic Group, continues as the company officially confirmed on April 22 that it has resumed negotiations with Montréal-based MNC Capital in connection with the unsolicited expression of interest dated March 25, 2024, in which MNC indicated it was ...

  • 02_fairpoint_outdoors_pos_rgb
    News briefs

    Fairpoint Outdoors will soon have a new CEO

    2024-04-12T15:15:00Z

    Hans Maasbøl, the former CEO of Svendsen Sport, has been chosen as the next CEO of Fairpoint Outdoors. He will replace Jens Buhl Jørgensen, the co-founder and CEO of the Danish company, who will step down at the end of May. Jørgensen will remain as a member of the Board ...

  • zab-consulting-QTXAXnJA3oY-unsplash
    News briefs

    Sports fishing equipment market to accelerate at 4% CAGR by 2028

    2024-04-10T11:57:00Z

    The global sports fishing equipment market is projected to grow by $3.25 billion between 2024 and 2028, namely a 3.97 percent compound annual growth rate (CAGR) during the forecast period, according to a recent report by research and advisory firm Technavio. The growth year-over-year from 2022 to 2023 was 3.25 ...

  • Kuiu Logo
    Article

    Kuiu continues international DTC expansion with ESW

    2024-04-09T15:06:00Z

    California-based DTC outdoor brand Kuiu has expanded its global reach to 37 international markets in partnership with global direct-to-consumer e-commerce company ESW since its inception in 2011. Due to the high demand for its products – mainly ultralight hunting apparel and gear designed to be as affordable and accessible as ...

  • the kinetic group
    Article

    CSG’s acquisition of Kinetic Group is fully backed by JP Morgan Chase

    2024-04-09T08:17:00Z

    Czechoslovak Group (CSG) has issued a statement reaffirming its commitment to the proposed acquisition of Vista Outdoor’s sporting goods business – recently renamed The Kinetic Group – for a total consideration of $1.91 billion, with fully committed financing from leading US bank JP Morgan Chase. CSG also highlighted the benefits ...

  • GSM Virtus Mid-America Rods
    News briefs

    GSM Outdoors buys another fishing rod manufacturer

    2024-04-05T07:45:00Z

    Following the purchase of Phenix Rods last December, GSM Outdoors has now signed an agreement to acquire Mid-America Rod Company, its second brand in the fishing rod segment, for undisclosed terms. Mid-America Rod Company has been manufacturing rods in the USA since 1976. In addition to its own Virtus brand, ...

  • the kinetic group
    News briefs

    CFIUS accepts re-filed notification of Vista's proposed sale of Kinetic Group

    2024-03-31T13:08:00Z

    Vista Outdoor Inc. and Czechoslovak Group a.s. (CSG) announced on March 28 that they have voluntarily withdrawn and resubmitted their joint voluntary notification to CFIUS, the United States’ foreign investment review agency, to give CFIUS more time to review CSG’s proposed acquisition of Vista Outdoor’s The Kinetic Group business. With ...

  • rapala-vmc-logo
    News briefs

    ​Changes in Rapala’s global management team

    2024-03-30T17:49:00Z

    Rapala VMC Corp. announced that Stanislas de Castelnau, Executive Vice President, Head of Operations is retiring at the end of March 2024 after 23 years with the Finnish fishing tackle manufacturer. He started his career back in 2001 as General Manager of Rapala VMC’s French hook factory (VMC Peche SA) ...

  • Angling International Live
    News briefs

    First edition of Angling International Live

    2024-03-21T10:21:00Z

    The first-ever edition of the Angling International Live show will take place on Sept. 26-28 at Hungexpo in Budapest. The new event is open to all professionals in the angling trade, including tackle retailers, distributors, wholesalers and sales agents. Angling International Live is organized by Angling International, a UK-based B2B ...

  • Richard Jägrud
    News briefs

    New CEO for knife maker Morakniv

    2024-03-12T19:41:00Z

    Source: Morakniv Richard Jägrud Richard Jägrud, who has been CEO of Silva (Primus Silva Sweden AB) for the past seven years, has been appointed the new CEO of the Swedish company Morakniv AB, effective May 15, 2024. The previous CEO, Johan Burtus, left the company after three ...

  • Clarus logo
    Article

    Slimmed down Clarus focused on outdoor, adventure

    2024-03-11T09:52:00Z

    Having completed the divestiture of its former Precision Sport business on Feb. 29, Clarus Corp., the parent of Black Diamond, Rhino-Rack, Maxtrax and Tred Outdoors, says it has taken important steps to realign its brands and inventory levels and position its business for “long-term profitable growth as a pure-play, ...

  • rapala-vmc-logo
    Article

    Rapala VMC eyes operating profit return in FY24

    2024-03-08T06:55:00Z

    After a challenging FY23, where sales fell by double-digits in all its key geographic markets, Rapala VMC intends to return a full-year comparable operating profit this year, helped by retail inventory levels that are finally returning to normal levels. Other factors projected to bolster results for the Finnish outdoor group ...

  • Bildschirmfoto 2024-03-07 um 10.49.00
    News briefs

    Gerber Gear celebrates its 85th anniversary

    2024-03-06T15:37:00Z

    Gerber Gear commemorates 85 legendary years of American-made craftsmanship and innovation in Portland, Oregon. As a local advertising agency founder and owner, Joe Gerber wanted to design a carving knife he could gift to his clients. This one-off gift became a highly sought-after knife, and from those humble beginnings, Gerber ...

  • vista_outdoor_logo_kopie_8
    Article

    Vista Outdoor rejects unsolicited offer from MNC Capital

    2024-03-04T12:30:00Z

    Vista Outdoor announced on the morning of March 4, 2024 that its Board of Directors, after consultation with its financial and legal advisors, has rejected the unsolicited expression of interest from MNC Capital in which MNC expressed an interest in acquiring Vista Outdoor in a cash transaction for $35 per ...

  • Presse-Bild2
    Article

    50th IWA again No.1 destination for international hunting & shooting sports industry

    2024-03-03T18:06:00Z

    International business was thriving at the 50th-anniversary edition of IWA OutdoorClassics. This year, the leading trade show for the hunting and shooting sports industry was once again the number one destination for international business contacts. According to roto organizer NürnbergMesse, around 40,000 visitors from 120 countries guaranteed full halls. The ...

  • vista_outdoor_logo_kopie_8
    Article

    Vista Outdoor receives takeover bid of $2.9bn for entire group

    2024-03-01T23:30:00Z

    Vista Outdoor unveiled it has received an offer of $35 per share in cash from the investment firm MNC Capital on Feb. 19, 2024, corresponding to a valuation of $2.9 billion including debt. The offer was made for the entire group, i.e., both the Outdoor business, soon to be listed ...