All Hunting & Fishing articles – Page 5

  • rapala-vmc-logo
    News briefs

    Rapala buys remaining shares in DQC International, takes over 13 Fishing

    2023-12-22T09:29:00Z

    Rapala VMC has acquired James Coble’s remaining 40 percent stake in DQC International, the owner of the 13 Fishing rod and reel brand. The Finnish company, which has been distributing 13 Fishing rods and reels outside the US for almost four years, had increased its stake in DQC to 60 ...

  • Phenix Rods
    News briefs

    GSM Outdoors enters fishing rod market

    2023-12-21T06:51:00Z

    GSM Outdoors has announced the acquisition of US-based company Phenix Rods. The move marks GSM’s entrance into the fishing rod world. Established in 1977, Phenix produces rods for both the freshwater and saltwater markets. GSM Outdoors, headquartered in Irving, Texas, is home to more than 40 hunting, shooting sports, rugged ...

  • Gerber_Legendary_Blades_Logo_lifetime_warranty
    News briefs

    Gerber hires Head of Marketing

    2023-12-17T10:05:00Z

    Portland, Oregon-based Gerber Gear, a manufacturer of knives, multitools and outdoor gear, has hired Ash Williams as the brand’s new Head of Marketing, effective Dec. 4, 2023. Williams brings decades of experience to Gerber and will play an important role in the brand’s continued growth in the outdoor sector. Most ...

  • Paul_Fischbein
    Article

    CEO Revolution Race: “We want to be the most recommended outdoor brand in the world”

    2023-12-14T13:56:00Z

    Things could hardly be going better for Swedish DTC outdoor brand Revolution Race: International expansion is progressing rapidly; sales are growing at a steady double-digit rate – and all this at a time when consumers are taking a closer look at what they spend their money on. CEO Paul Fischbein talks about the success story of his company.

  • Vista_Outdoor_Logo
    News briefs

    Vista and CSG receive antitrust clearance for proposed merger

    2023-12-12T15:45:00Z

    Vista Outdoor and Czechoslovak Group (CSG) announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired. As previously reported, Vista Outdoor entered into an agreement and plan of merger on Oct. 15, pursuant to which Vista has agreed to sell its Sporting Products business to ...

  • johnson-outdoors-logo
    Article

    Johnson Outdoors sees return to pre-pandemic order seasonality

    2023-12-11T09:00:00Z

    Johnson Outdoors reported a Q4 operating loss of $22.6 million against a profit of $13.3 million for the three months ended Sep. 29, as three of the group’s operating segments generated lower year-over-year sales. The Q4 net loss was $16.0 million against a profit of $9.7 million as total sales ...

  • rapala-vmc-logo
    News briefs

    Rapala implementing new three-year strategic plan

    2023-12-11T09:00:00Z

    Finnish fishing tackle supplier Rapala VMC reported that it will be implementing a new strategy over the next three years. The effort will be undertaken by the global fishing tackle company’s new global management team, focusing on improving the group’s profitability and working capital management. The changes on Rapala’s ...

  • Shimano_logo.svgz
    News briefs

    Shimano stolen data have been leaked online

    2023-12-02T08:34:00Z

    Shimano suffered a ransomware attack earlier in November. Hackers from the LockBit group threatened at the time to publish 4.5 TB of confidential data unless the Japanese firm paid a ransom, as first reported by Escape Collective. Now, a vast trove of stolen Shimano data has been leaked online, according ...

  • vista_outdoor_logo_kopie_8
    News briefs

    Vista Outdoor declines unsolicited offer

    2023-11-30T13:19:00Z

    Vista Outdoor’s Board of Directors, following consultation with its financial and legal advisors, has rejected the unsolicited proposal received on Nov. 22, 2023 from Colt CZ Group SE. The Vista Outdoor Board continues to recommend the acquisition of the Sporting Products business by Czechoslovak Group a.s. (CSG) and remains committed ...

  • vista_outdoor_logo_kopie_8
    News briefs

    Vista Outdoor receives unsolicited second bid for acquisition of Sporting Products business

    2023-11-23T10:33:00Z

    Vista Outdoor reports that it has received an unsolicited proposal from Prague-based Colt CZ Group SE to combine Colt CZ and Vista Outdoor in a cash and stock transaction that Colt CZ said would attribute a value of $30 to each share of Vista Outdoor common stock. As previously reported, ...

  • rapala-vmc-logo
    News briefs

    Rapala issues €30m in hybrid capital securities

    2023-11-23T09:46:00Z

    The group will use the proceeds from the three-year financial instrument, which has debt and equity characteristics, for general corporate purposes and to strengthen its financial flexibility. Rapala VMC’s largest shareholder, Viellard Migeon Et Compagnie, subscribed to 24 percent, or €7.2 million, of the hybrid securities with an annual interest ...

  • rapala-vmc-logo
    News briefs

    Rapala plans to issue securities

    2023-11-19T14:10:00Z

    Finnish fishing tackle manufacturer Rapala VMC is considering issuing up to €25 million worth of securities to strengthen its balance sheet and create financial flexibility while at the same time seeking to reduce expenses and optimize inventory levels. The company pointed out that this move will open up its financing ...

  • Group Shooting 4
    Article

    Schöffel Country comes to continental Europe

    2023-11-14T17:11:00Z

    With Schöffel Country, a “new” brand that stands for classic British country style with a passion for country life, the traditional form of hunting in the UK and a fascination for fly fishing, is entering the European mainland. Schöffel Country is authentically British, even though the name appears familiar. It ...

  • RevolutionRace_logo
    News briefs

    Revolution Race’s Q1 net rises 36% on strong sales growth

    2023-11-08T18:16:00Z

    Fueled by 44 percent growth in its Rest of World region, the Swedish DTC outdoor company Revolution Race (RVRC) generated 24 percent revenue growth to 342 Swedish kroner (€29.2m) for its first quarter ended Sep. 30. Adjusted Ebit, excluding SEK 12 million in costs related to an incentive program, improved ...

  • David-Nordblad-web
    Article

    SOG gains importance after the pandemic: “What we do generates interest”

    2023-11-08T08:14:00Z

    Source: SOG David Nordblad In the wake of the pandemic, David Nordblad started in the role of Secretary General for the Scandinavian Outdoor Group (SOG). Since then, he has been occupied with various responsibilities, and he notes a sustained interest in joining the organization. In fact, SOG ...

  • Foundation-Featured-Post
    News briefs

    Foundation Outdoor Group establishes European headquarters in Sweden

    2023-11-07T08:24:00Z

    Foundation Outdoor Group, the global supplier of fishing rod and tackle crafting components, supplies, equipment, and instruction, has announced the establishment of European headquarters in the strategic port city of Halmstad, Sweden. The company has acquired a new 2,100-sqm facility at Muskotvagen 7, ideally positioned to facilitate international distribution and ...

  • vista_outdoor_logo_kopie_8
    Article

    Vista Outdoor will prioritize debt reduction ahead of vote on Sporting Products divestiture

    2023-11-02T08:26:00Z

    Vista Outdoor, which agreed in mid-October to sell its Sporting Products business to Czechoslovak Group a.s. (CSG) for an enterprise value of $1.91 billion, says it will continue to prioritize debt reduction ahead of a vote by shareholders to approve the sale. The company finished Q2 on Sept. 24 with ...

  • Angling Direct
    News briefs

    Angling Direct announces half year sales and profit growth

    2023-10-26T07:15:00Z

    UK-based fishing tackle retailer Angling Direct has announced total group sales of £43.3 million (€49.6m) for the first six months ended July 31, representing an 11.4 percent increase. Like-for-like store sales increased by 4.9 percent. Domestic retail stores were £24.4 million (€28.0m), up 11.3 percent. Online sales rose by 8.3 ...

  • Shimano_logo.svgz
    Article

    Shimano cites weak demand as nine-month results slip

    2023-10-25T11:24:00Z

    Numerous global factors, including a “lackluster economy” in Europe and a ”sluggish” recovery in China, Shimano reported a 19.8 percent decline in total sales to ¥375.27 billion (€2.36bn) for the first quarters of fiscal 2023. Operating profit fell by 43.0 percent to ¥72.09 billion (€453.0m) from ¥126.58 billion for the ...

  • Keegan_Andrew_Horizontal
    News briefs

    Vista Outdoor announces CFO for Revelyst

    2023-10-20T15:50:00Z

    Source: Vista Outdoor Andy Keegan Previously considered a plan, it’s now official: Andy Keegan, currently Vista Outdoor’s vice president and interim CFO, will serve as Revelyst’s CFO following the planned spin-off of Vista Outdoor’s Outdoor Products segment into a separate public company. Keegan will continue to serve ...