Hunting & Fishing – Page 4
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News briefsThree EFFTA board directors resign
Three of the EFTTA (European Fishing Tackle Trade Association) board members have resigned following the association’s decision not to accept their bid to run the EFTTEX (European Fishing Tackle & Trade Exhibition) 2024 trade show. Ciro Esposito (Europesca Sport), Rudi Heger (Traun River Products) and István Pál (Energofish), who were ...
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News briefsClarus retains financial advisor for possible sale of Precision Sport segment
In response to the non-binding expression of interest by Warren B. Kanders, Clarus Corp.’s Executive Chairman, to acquire the company’s Precision Sport segment, which includes the Sierra Bullets and Barnes Bullets subsidiaries, the special committee of Salt Lake City, Utah-based Clarus’s Board of Directors hired Houlihan Lokey as the special ...
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ArticleVista Outdoor unveils name for outdoor products segment
Having already announced the new name of its Sporting Products segment (The Kinetic Group) last August, Vista Outdoor Inc. has now revealed the name and identity of its Outdoor Products segment following the planned separation of the group: Revelyst, Inc. The new Outdoor Products company will trade on the New ...
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News briefsAmerican Outdoor Brands appoints Chief Operating Officer
U.S. holding company American Outdoor Brands (AOB), whose primary brands include makers of firearms for hunting as well as law enforcement equipment products and other outdoor products, announced that Brent Vulgamott, Vice President of Sales, Operations & Analytics, has been appointed to the newly created position of Chief Operating Officer, ...
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News briefsJanne Mahlamäki appointed GM EMEA at Grundéns
Swedish fishing apparel and footwear manufacturer Grundéns has appointed Janne Mahlamäki as new General Manager for the Europe, Middle East and Africa (EMEA) region. Mahlamäki brings a wealth of experience and a proven track record in the outdoor and fishing industries and will continue Grundéns’ growth and transformation journey in ...
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News briefsBid entered for Clarus’ Precision Sport segment
Clarus has received from its own executive chairman a “non-binding indication of interest” to acquire for about $160 million the Precision Sport segment, which includes the Sierra Bullets and Barnes Bullets subsidiaries. Warren B. Kanders filed his statement of beneficial ownership with the U.S. Securities and Exchange Commission (SEC) on ...
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News briefsGrundéns appoints Nicolas Cederström Warchalowski as CEO
Fishing apparel and footwear manufacturer Grundéns has hired Nicolas Cederström Warchalowski as its new CEO, effective Sept. 11. Warchalowski most recently served as the CEO of sport fishing company Rapala, a role he held since March 2020. A Swedish national, Warchalowski has more than 25 years of leadership experience in ...
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ArticleVista Outdoor announces public filing to spin off its outdoor product brands
Vista Outdoor Inc., the parent company of 41 sports and outdoor brands, filed a public registration statement on Form 10 with the Securities and Exchange Commission (SEC) on Sept. 5, 2023, in connection with its previously announced plan to separate its Outdoor Products and Sporting Products segments into two independent, ...
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News briefsAngling Direct posts double-digit revenue growth
England-based fishing tackle retailer Angling Direct saw its revenues increase by 11.4 percent to £43.3 million (€50.6m) in the first half of its financial year ended July 31, up from £38.9 million (€45.4m) a year before. Sales in the U.K. rose by 10.1 percent to £40.9 million (€47.8m). European sales ...
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News briefsRevolution Race posts strong FY, but profits decline
Swedish DTC outdoor company Revolution Race (RVRC) has released its fresh financial report for Q4 – the period between April 1 and June 30, 2023. According to the report, the industry up-and-comer’s net sales rose 14 percent to 362 million Swedish kroner (€30.3m), compared to SEK 318 million (€26.6m) in ...
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ArticleFirst rebrand of Vista Outdoor's segment separation announced
Following the separation of its Outdoor Products and Sporting Products segments into two new, independent publicly traded companies, Vista Outdoor is to be rebranded. The new name, logo and NYSE ticker of the Sporting Products segment were unveiled on Aug. 10, in an employee town hall in Lewiston, Idaho.
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News briefsFishbrain fishing app secures $6 million in new share issue
Fishbrain AB, the Swedish-based developer of a mobile application for anglers, has raised $6 million in funding. The round was led by Swedish venture capital fund Industrifonden, and co-led by Lucerne Capital Management, a US-based equity investment firm with a focus on European markets. The new funding is expected to ...
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News briefsNew Group VP at Johnson Outdoors
Johnson Outdoors Inc. has announced that Bill Kirchner will be joining the company as the new Group Vice President, Fishing. Kirchner will report to Johnson Outdoors CEO Helen Johnson-Leipold, and be a member of the Company’s Executive Committee. Kirchner joins the company from Newell Brands, where he has served as ...
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News briefsJohnson Outdoors’ Q3 operating income falls by 27 percent
Johnson Outdoors’ total revenues declined by 8 percent to $187.0 million from $203.8 million for the U.S. parent company of a portfolio of fishing, diving, camping and watercraft brands, including Jetboil, Old Town, Eureka! and Ocean Kayak as operating income slid 27 percent to $17.4 million from $23.8 million. Ebit ...
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News briefsRocky Brands sees business positioned for H2 improvement
Despite experiencing strong sell-throughs at several major U.S. wholesale accounts, U.S. footwear company Rocky Brands reported a 38 percent decline in Q2 sales to $99.8 million from $162.0 million for the period ended June 30. Wholesale segment revenues declined by 45.5 percent to $71.5 million and fell by 3.6 percent ...
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ArticleVista Outdoor appoints more executives for upcoming Sporting Products spinoff
Source: Business Wire Andy Keegan, Vice President and interim CFO for Vista Outdoor, has been appointed CFO for the Sporting Products Company following the spinoff. Vista Outdoor Inc, the parent company of 41 sporting goods and outdoor lifestyle brands, announced that its Board of Directors has made ...
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ArticleVista Outdoor’s Q1 net dips by 54 percent; Outdoor Products spin-off slated for Q4
Vista Outdoor, which is proceeding with plans to spin off its Outdoor Products segment in Q4 of this calendar year, reported a 54 percent decline in Q1 net income to $58.1 million from $126.0 million for the period ended June 25. Ebit was down by 55 percent to $75.4 million ...
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ArticleBicycle slump leads to decline in sales and profits at Shimano
The current high (bicycle) inventory levels and decreasing demand are also being felt by market leader Shimano Inc. However, despite a double-digit drop in sales in its largest business unit, bicycle components, in the first half of 2023, the Japanese company remains calm. It’s counting on bicycles as a global ...
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ArticleVista Outdoor appoints Eric Nyman as CEO of Outdoor, updates on corporate separation plans
Source: Business Wire Eric Nyman The board of directors of Vista Outdoor Inc, the parent company of 41 brands, has appointed Eric Nyman as CEO of the Outdoor Products segment and a member of the Board of Directors, effective Aug. 21. Nyman, who has more than 30 ...
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ArticleRapala’s H1 results sink on excess inventory woes
Already bracing for a significant drop in FY23 full-year comparable operating profit, Rapala VMC reported double-digit declines in net sales and comparable operating profit in H1. With the results, the Finnish group said it was implementing cost cuts across the organization to mitigate the lower turnover. Over the next 12 ...
