Hunting & Fishing – Page 5
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ArticleVista Outdoor ammo sale facing headwind, and support
Before Vista Outdoor’s shareholders vote on the sale of The Kinetic Group ammunition business to CSG on July 23, two investors have come out strongly against the deal, while another proxy advisory firm is now recommending the purchase after initial opposition.
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ArticleVista’s Board of Directors reaffirms committment to sale of The Kinetic Group to CSG
Vista Outdoor’s Board of Directors has issued an open letter to its shareholders recommending once again the sale of The Kinetic Group, Vista’s ammo segment, to the Czech company CSG.
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ArticleCSG raises purchase price for The Kinetic Group to $2.1bn
Continuing the back-and-forth over the partial or complete sale of its business segments, Vista Outdoor has announced that it has entered into an amendment to the merger agreement with Czechoslovak Group a.s. (CSG) that increases the purchase price payable by CSG for the acquisition of The Kinetic Group business by ...
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ArticleTug-of-war over Vista and Kinetic Group continues
While Vista Outdoor announced on June 25, after a long wait, that the Committee on Foreign Investment in the United States (CFIUS) has finally approved the proposed acquisition of Vista Outdoor’s The Kinetic Group division by Czechoslovak Group a.s. (CSG), Montréal-based MNC Capital Partners has once again stepped up its ...
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ArticleReaction to ISS disapproval: CSG increases offer for The Kinetic Group
After the US proxy advisory firm Institutional Shareholder Services (ISS) recommended that Vista Outdoor shareholders abstain from voting on the Czechoslovak Group’s (CSG) offer for Vista Outdoor’s The Kinetic Group ammunition business, the Czech prospective buyer has now increased its purchase offer by $40 million from $1.96 billion to $2 ...
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News briefsUkrainian retail chain IBIS opens new store in Kyiv
Ibis, founded in 1994, is one of Ukraine’s largest outdoor sports chains, primarily focused on hunting and fishing. It has opened a new retail outlet in Kyiv, the company’s largest store in the capital city. The company operates eight doors in Kyiv, in addition to the three stores in Odesa, ...
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ArticleUS outdoor participation reaches record levels for ninth consecutive year
The US Outdoor Industry Association (OIA) and its philanthropic arm, the Outdoor Foundation, released the results of its 2024 Outdoor Participation Trends Report this week. The report provides outdoor industry members with exclusive participation and activity data that will inform business strategies for the coming year. The report shows that ...
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News briefsThe winners of the Scandinavian Outdoor Award Spring/Summer 2025
The Scandinavian Outdoor Award Spring/Summer 2025 winners were announced at OutDoor by ISPO on June 4, following extensive testing and discussions by an international jury in Lenzerheide, Switzerland. Overall Winner: FabPatch The Finnish brand FabPatch won for its high-quality repair patches for outdoor gear and apparel. These patches help extend ...
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News briefsRapala slims down global management team
After the Finnish company Rapala VMC, a global market leader in fishing lures, fishing hooks and fishing-related knives and tools, initiated a strategic realignment at the beginning of the year aimed at becoming more operationally agile, Executive Vice Presidents Päivi Ohvo (Head of Human Resources), Enrico Ravenni (Head of APAC ...
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News briefsAltor sells 6.9% of RVRC shares
Private equity company Altor has sold shares in outdoor company Revolution Race (RVRC) for SEK 397 million (€35.2m) last Friday, habit.se reported. The sale was made at a discount of about 7.3 percent compared to RVRC’s last closing price on Thursday. Altor, which recently bought Renewcell’s bankruptcy estate, had a ...
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News briefsNyrensten resigns from the RVRC Board of Directors
As announced in May 2024, Niclas Nyrensten, board member and co-founder of RVRC Holding AB (RevolutionRace), has requested his own resignation from the board of RevolutionRace. The Board now consists of Alexander Martensen-Larsen, Sara Diez Jauregui, Cecilie Elde, Andreas Källström Säfweräng, Birgitta Stymne Göransson and David Thörewik.
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ArticleNorrøna continues to invest in adventure tourism
Norwegian outdoor brand Norrøna and the renowned Danish architecture firm Dorte Mandrup A/S have joined forces to create a unique nature hotel on the west coast of the island of Senja in northern Norway. Source: Nikolai Schirmer Senja – where mountains meet the sea Norway’s second-largest island ...
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News briefsRapala joins UN Global Compact
Finnish fishing tackle manufacturer Rapala VMC Corporation announced that it has joined the United Nations Global Compact. Membership in the UN Global Compact allows the company to leverage the expertise and resources of this prestigious organization to advance its sustainability agenda. By aligning with global standards, Rapala VMC aims to ...
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News briefsAngling Direct sees full-year profit double
UK-based fishing tackle retailer Angling Direct saw its pre-tax profits climb to £1.5 million (€1.7m) in the year ended Jan. 31, 2024, up from £700,000 (€815,000) the year before, driven by the development of its omnichannel offer and the growth of its store footprint. Gross margin increased by 34.9 percent. ...
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News briefsNiclas Nyrensten declines re-election and leaves RVRC’s board
Niclas Nyrensten, board member and co-founder of RevolutionRace (RVRC), has announced that he will not seek re-election to the company’s board and will step down in July 2024 at the latest. “The company has, after 10 years, become mature enough to manage without the founders – I and Pernilla, said ...
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ArticleVista Outdoor weighs buyout offer, reports Q4 results
The board of Vista Outdoor continues to recommend the sale of its The Kinetic Group to Czech group CSG, which would pay shareholders $12.90 a share in cash and one share in its Revelyst spin-off. However, the company will conduct a special meeting on June 14 to consider another buyout ...
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ArticleRVRC sets new three-year targets as Q3 results come in strong
Swedish DTC outdoor company Revolution Race (RVRC) disclosed new three-year financial targets ahead of reporting strong Q3 results. The group intends to achieve annual sales growth of 20 percent and an adjusted EBIT margin of 20 percent through FY26/27. In late January, RVCR said its FY23/24 revenue objective was at ...
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ArticleJohnson Outdoors suffers Q2 operating loss
Each of Johnson Outdoors’s four segments reported a double-digit sales decline for the period ended March 29, and two, Watercraft Recreation and Diving, had a quarterly operating loss. The group’s aggregate Q2 operating loss was $253,000 against a profit of nearly $11.4 million in the year-ago period. Ebit slipped by ...
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ArticleRevelyst sells ammunition brand
Revelyst, a Vista Outdoor Inc. company, has announced the sale of RCBS, the company’s reloading brand based in Oroville, California, to Hodgdon Powder Co. Inc, a Shawnee, Kansas-based supplier of smokeless propellants and black powder substitutes. RCBS is a leading manufacturer of ammunition reloading devices for hunters, competitive shooters and ...
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ArticleREI posts $3.76 billion in revenue in 2023, but loses $311 million net
US specialty outdoor retailer REI Co-op released its impact report and financial results for 2023 on April 30. The year closed with $3.76 billion in net sales and nearly $270 million invested back into the co-op community. Net sales were down 2.4 percent from 2022, and the co-op reported a ...
