Hunting & Fishing – Page 5
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News briefsRapala VMC taking majority stake in 13 Fishing parent
Rapala VMC, the fishing-focused company based in Finland, which has been distributing 13 Fishing rods and reels outside the U.S. for nearly four years, is increasing its stake in its parent DQC International to 60 percent. Under the terms of the agreement, DQC CEO James Coble will retain 40 percent ...
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ArticleVista Outdoor appoints former Salomon executive as Simms president
Source: Vista Outdoor/Simms Jordan Judd Vista Outdoor, the parent company of 41 sporting and outdoor brands, has named Jordan Judd President of Bozeman, Montana-based Simms Fishing Products, effective Aug. 1. Simms was founded in 1980 and acquired by Vista Outdoor in 2022. The brand is part of ...
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News briefsRapala anticipates significant decline in FY23 operating profit
The fishing equipment company, which completed a restructuring of its Helsinki headquarters this month and welcomed back former COO Lars Ollberg as CEO in May, is now forecasting its full-year comparable operating profit to be “significantly below” its FY22 level. Rapala blamed the expected annual profit shortfall on persistent ...
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News briefsAmerican Outdoor Brands shrinks Q4 loss despite lower sales
American Outdoor Brands reported an operating loss of $4.0 million against a loss of $70.8 million in Q4 ended April 30. Period revenues declined by 8.0 percent to $42.2 million from $45.9 million, but gross margin improved by 130 basis points to 45.2 percent from 43.9 percent. Outdoor lifestyle sales ...
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News briefsNew board members at U.K.’s Angling Trades Association
Five new members are joining the board of the Angling Trades Association (ATA), the voice of the British tackle industry: Daryl Hodges, head of marketing at Dynamite Baits; Ian Latham, managing director of Shimano U.K.; Martin Green, commercial sales manager at Daiwa U.K.; Ifor Jones, head of the Stillwater Fishing ...
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News briefsJohnson Outdoors reports mixed Q2 results
Johnson Outdoors, benefitting from sales and profitability improvement in its fishing and diving segments, generated an improved gross margin, higher revenues, and a 50 percent increase in net income for the period that ended March 31. But a 20 percent rise in Q2 operating expenses to $63.9 million contributed to ...
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ArticleVista Outdoor posts Q4 loss, 83 percent decline in FY operating income
Vista Outdoor, which owns 41 sporting, outdoor and action sports brands, reported a Q4 operating loss of $292.4 million and an Ebit loss of $311.8 million as the group’s outdoor products segment continued to navigate market uncertainty and retail inventory challenges. The company recorded a goodwill impairment and trademarks amounting ...
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ArticleCoDi lifts FY outlook, but cautious on Q2
Compass Diversified (CoDi) anticipates a “significant snapback” in revenue growth and profitability within key businesses once a current industry inventory destocking cycle ends. The group’s current Q2 forecast is both cautious and conservative despite its decision to lift its FY23 adjusted earnings range to $110 to $135 million and consolidated ...
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News briefsGlobal angling and hunting equipment market to post 7% CAGR by 2030
The global angling and hunting equipment, which was estimated at US$536.97 million in 2022 (the base year), is projected to grow at a compound annual growth rate (CAGR) of 7.03 percent to reach US$924.98 million by 2030, according to a recent report by Dublin-based Research and Markets. The 248-page report ...
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ArticleShimano’s bike sales drop 17% in Q1, revises annual forecast
When Shimano Inc. presented its 2022 annual report in February with record sales and profits, the company simultaneously warned of a challenging 2023, forecasting a 20-percent drop in sales. Looking at the first quarterly figures just presented, it can be said that the Japanese company was not so wrong with ...
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News briefsNomination committee formed ahead of RVRC’s AGM 2023
RevolutionRace (RVRC) has appointed three members who, together with the chairman of the board of directors, will form a nomination committee for the period leading up to its annual general meeting, which is expected to be held in November 2023. These three members are (in accordance with a resolution of ...
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News briefsVista Outdoor promotes Vanderbrink to CEO of Sporting Products segment
Source: Vista Outdoor Jason Vanderbrink Vista Outdoor announced that Jason Vanderbrink was promoted to chief executive officer of the company’s Sporting Products segment, effective March 31, 2023. He joined Vista Outdoor’s sales organization in 2005, holding roles with increasing responsibility. Vanderbrink will also continue to serve as ...
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News briefsKith and Columbia collaborate on fishing collection
Luxury streetwear brand Kith has renewed its partnership with Columbia Sportswear to present the Kith for Columbia PFG 2023 collection, a range of fishing apparel, footwear and accessories that combines functionality with style. The new collection is inspired by Columbia PFG, the brand’s longstanding line of performance fishing gear. According ...
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News briefsPure Fishing appoints new CEO
The South Carolina-based fishing tackle and outdoor equipment brand Pure Fishing has named Dave Allen CEO, effective immediately. He succeeds Harlan Kent, who is retiring from day-to-day operations to become a board member and consultant. Prior to joining Pure Fishing, Allen was president and CEO of Igloo. Before that, he ...
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News briefsLars Ollberg returning to Rapala as CEO
Fishing equipment maker Rapala VMC Corp. is bringing Lars Ollberg back to its senior management team, hiring the company’s former chief operating officer as its new CEO starting May 1. Additionally, the Finnish company has appointed Cyrille Viellard as Deputy CEO and named Jean-Philippe Nicolle, its current EVP of Southern ...
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ArticleFenix Outdoor publishes CSR report 2022
Fenix Outdoor International AG, owner of the brands Fjällräven, Royal Robbins, Tierra, Hanwag, the five retail chains managed under the roof of the Frilufts Retail Europe AB and – until December last year – Primus (which was sold to Silva), has published its CSR Report 2022. CEO ...
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News briefsCompass Diversified announces changes to the board of directors
Compass Diversified Holdings (CoDi), the owner of Boa, PrimaLoft, Velocity Outdoor and 5.11, announced that its board of directors has nominated a new candidate for election at CoDi’s 2023 annual meeting of stockholders, which will be held May 25. Nancy B. Mahon will join the seven current directors up for ...
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News briefsFishing tackle supplier Gansel Australia and distributor Viva Australia merge
Gansel Australia, a fishing tackle supplier with 50 years of trading history, and Viva Australia, a distributor of fishingbrands, have announced their merger. Viva Australia has more than two decades of experience servicing tackle shops in Australia and today distributes fishing brands like Megabass, Lox, Hayabusa, Shout, Asakura, Pioneer, Jigging ...
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News briefsAmerican Outdoor Brands reports Q3 loss
American Outdoor Brands suffered a Q3 operating loss of $3.0 million against an operating profit of $4.7 million in the period ended Jan. 31. The net loss was $2.9 million versus a profit of $3.8 million. Gross margin improved 130 basis points to 47.1 percent from 45.8 percent, but net ...
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News briefsRapala VMC publishes sustainability report 2022
Finland-based fishing tackle company Rapala VMC, owner of the Rapala, VMC, Sufix, Storm, Blue Fox, Luhr Jensen, Williamson, Dynamite Baits, Mora Ice, StrikeMaster, Marttiini, Peltonen, 13 Fishing and Okuma brands, has released its latest sustainability report. The report sums up the company’s achievements over the last four years. In 2020, ...
