Hunting & Fishing – Page 9
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News briefs
GSM Outdoors takes over Bill Lewis lures brand
U.S. hunting gear company GSM Outdoors has expanded its presence in the fishing market with the acquisition of the Bill Lewis Rat L-Trap brand of baits. The terms of the deal were not disclosed. This new move follows GSM’s first acquisition in the sector of Gary Yamamoto Custom Baits last ...
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News briefs
Nexus Outdoors launches new fishing apparel line
Michigan-based Nexus Outdoors, the owner of the ScentLok and Blocker Outdoors brands, has expanded into the fishing category with a new apparel line called Whitewater. The new brand is designed to allow anglers to focus on fighting fish, not the weather conditions, thanks to specific materials, technologies, and tailoring, Nexus ...
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News briefsRapala VMC reels in 2022 outlook
Rapala VMC, the Finnish-based fishing tackle firm, is now forecasting its full-year 2022 comparable operating profit to be below what it was in 2021. The crisis in Ukraine, a cold and late spring in the Northern hemisphere and faster normalization in the U.S. after the Covid-19 pandemic are the drivers ...
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ArticleShimano maintains guidance as sales growth continues to slow
Shimano’s sales in the first quarter of 2022 increased by 13.9 percent compared to the year-earlier to 144,047 million yen (€1,061m), as the growth rate in revenues continued to slow but nonetheless remained strong in the face of supply chain disruptions and logistics difficulties. The company said it is on ...
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News briefsDakine returns to the fishing business
Dakine, the brand founded in Hawaii in 1979 that offers bags, accessories, apparel and outerwear for people who love outdoor adventure, has relaunched its Dakine Fish category, which includes fish bags, tackle storage, gloves and headwear for a range of saltwater and freshwater fishing. Originally introduced in the 1980s, Dakine ...
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News briefs
Sharpe’s of Aberdeen acquired by MAG NI Holdings, owner of Dennett Outdoor
MAG NI Holdings, the owner of Dennett Outdoor, has announced that it has acquired the assets of Clan Nets, which trades as Sharpe’s of Aberdeen. Dennett Outdoor and Sharp’s will continue to operate as separate entities, with Dennett as the exclusive distributor of Sharpe’s products in the U.K. and Ireland. ...
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News briefsWorldwide fishing equipment market to reach $31.8 billion by 2028, new report suggests
The global fishing equipment market is expected to grow from US$ 23.8 billion in 2021 to US$ 31.8 billion by 2028, representing a compound annual growth rate (CAGR) of 4.2 percent in the 2021-2028 period according to a new report by ResearchAndMarkets. The report is entitled “Fishing Equipment Market Forecast ...
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News briefs1% for the Planet launches new Planet Impact Fund in its 20th anniversary year
In the year of its 20th anniversary, 1% for the Planet draws a positive balance of both the number of members and the donations collected. Initiated in 2002 by Patagonia’s Yvon Chouinard together with Craig Mathews, founder of Blue Ribbon Flies, the organization’s global network now consists of more than ...
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News briefs
Angling Direct’s new distribution hub in the Netherlands opens for business
Angling Direct, the British omnichannel fishing tackle and equipment retailer, has announced that its new European distribution center is now fully operational. The 3,940-square meter facility, located in Venlo, in the southeast of the Netherlands, is already dispatching to customers across the European Union. In addition to boosting the company’s ...
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News briefsShimano will continue to sponsor the World Carp Classic
Shimano Europe has renewed its agreement as a global sponsor of the World Carp Classic (WCC). Established in 1998, the WCC is the longest-running and biggest carp angling event in the world. The event is operated by U.K.-based Angling Spirit. The 24th edition of the WCC will take place from ...
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News briefsGrassroots Outdoor Alliance president Rich Hill to leave in April
Rich Hill, president of the U.S. Grassroots Outdoor Alliance (GOA) for the last five years, is apparently planning to quit his role in a few week’s time. According to SGB Media, Hill gave the news to GOA staff ahead of the group’s annual board of directors retreat earlier this month, ...
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ArticleAmerican Outdoor Brands shifting focus
American Outdoor Brands is adjusting its long-term focus to increase its revenues and product presence in the outdoor lifestyle category while maintaining a foothold in shooting sports. The Columbia, Missouri company, which intends to generate 50 percent or more of its topline in the outdoor lifestyle segment, has agreed to ...
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News briefsSkwala, a new apparel brand for fly fishermen, launches in Montana
A team of industry veterans has launched Skwala, a new fly fishing apparel brand, based in Bozeman, Montana. Kevin Sloan, founder and chief executive, led the Sitka Gear business for nearly 10 years. Rick Hohne, who is also part of the team behind the new brand, was previously senior director ...
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News briefsLast minute cancellation of the world’s largest sportfishing show
The 2022 Long Beach Fred Hall Show, which was due to take place on March 2-6 at the Long Beach Convention Center in Long Beach, California, has been canceled at the last minute due to the ongoing Covid-19 pandemic. The organizer of the show, Duncan McIntosh Co., said in a ...
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News briefs66°North becomes first certified B Corporation in Iceland
Since the end of January 2022, 66°North (based in Iceland’s greater Reykjavík area) is the first Icelandic company to receive B Corp certification. The brand, founded in 1926 as a workwear supplier for fishermen, operates in Denmark, Iceland, Latvia and the U.K. and has earned an overall score of 93.5 ...
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ArticleOrthoLite launches fully compostable midsole foam Cirql
Insole specialist OrthoLite and Vietnam-based material solutions company Cirql have launched a plant-based biopolymer foam that is EVA plastic-free, recyclable, compostable and comes with an end-of-life solution. The new OrthoLite Cirql sole offerings have their own website and claim to be the critical solution for true circularity within the footwear ...
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News briefsRapala begins buyback of its own shares
The board of directors of the Finnish tackle company Rapala VMC Corporation has decided to start buying back a maximum of 250,000 of the company’s own shares, representing approximately 0.64 percent of all shares, in accordance with the authorization granted by Rapala’s AGM on March 25, 2021. The maximum number ...
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ArticleCompass Diversified foresees slower growth in 2022, postpones 5.11 IPO
Compass Diversified (CoDi), citing supply chain and inflationary issues and lower year-over-year demand for products within its Velocity Outdoor rifle, crossbow and ammunition business, is forecasting a temporary slowdown in its 2022 growth rate that will likely be lower than its long-term growth rate target. Also, the Connecticut-based company, whose ...
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News briefsAngling Direct posts sales increase despite Covid-19 store closures and decline in online sales
Angling Direct, the British fishing tackle retailer, has reported a 7.2 percent sales increase for its financial year ended Jan. 31, 2022, despite a 4.3 percent decline in online sales and the closure of all its 42 stores for three months, from Feb. 1 to April 11, 2021, due to ...
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News briefsThe Microfibre Consortium invests in research and networking HR
Source: The Microfibre Consortium Dr Kelly Sheridan, head of research at The Microfibre Consortium Following the launch of the Microfibre 2030 commitment last year (which seeks a more active role for members and proactive, cross-industry work), The Microfibre Consortium (TMC) has expanded its team, adding three new ...
