Hunting & Fishing
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ArticleShimano value sales down double-digit in Q1
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 ...
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ArticleVista Outdoor leaves option open to sell to MNC for higher price
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 ...
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News briefsFairpoint Outdoors will soon have a new CEO
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 ...
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News briefsSports fishing equipment market to accelerate at 4% CAGR by 2028
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 ...
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ArticleKuiu continues international DTC expansion with ESW
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 ...
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ArticleCSG’s acquisition of Kinetic Group is fully backed by JP Morgan Chase
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 ...
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News briefsGSM Outdoors buys another fishing rod manufacturer
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, ...
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News briefsCFIUS accepts re-filed notification of Vista's proposed sale of Kinetic Group
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 ...
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News briefsChanges in Rapala’s global management team
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) ...
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News briefsFirst edition of Angling International Live
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 ...
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News briefsNew CEO for knife maker Morakniv
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 ...
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ArticleSlimmed down Clarus focused on outdoor, adventure
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, ...
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ArticleRapala VMC eyes operating profit return in FY24
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 ...
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News briefsGerber Gear celebrates its 85th anniversary
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 ...
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ArticleVista Outdoor rejects unsolicited offer from MNC Capital
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 ...
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Article50th IWA again No.1 destination for international hunting & shooting sports industry
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 ...
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ArticleVista Outdoor receives takeover bid of $2.9bn for entire group
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 ...
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News briefsADAP joins Afydad
Spain’s Association of Fishing-Tackle Distributors (ADAP), a non-profit, has joined the Spanish Association of Sporting-Goods Manufacturers and Distributors (Afydad). Spain – says Afydad, citing the government – has about 1.5 million extant fishing licenses. The Fishing and Casting Federation’s rate of issuance has been increasing of late, and licenses issued ...
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ArticleCoDi believes inventory will become tailwind in 2024
After a difficult 2023, where inventory destocking negatively impacted results at its four outdoor-related businesses, Compass Diversified (CoDi) is banking on a “much higher level of growth” for many of its consumer businesses this year. Additionally, the group, which has eyes on more companies and brands in its portfolio, says ...
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News briefsAngling Direct announces 10% sales increase
U.K.-based fishing tackle retailer Angling Direct saw its revenues increase by 10.2 percent to £81.7 million (€95.7m) in its latest financial year to January 2024. Domestic sales grew 9 percent to £77 million (€90.2m), boosted by new store openings in Cardiff and Yorkshire. The company now has 47 stores across ...
