All Rapala articles – Page 2
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Article
New anglers help Rapala reel in strong H1 sales rise
Finnish tackle company Rapala VMC reported a sharp rise in first-half net sales driven by strong demand for fishing gear from new anglers and faster-than-expected implementation of its restructuring strategy. Sales for the six months to June 30 increased 36 percent to €159.6 million as fishing’s popularity as a Covid-safe ...
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News briefs
Rapala VMC completes buy-back of shares
Rapala VMC Corp. communicated on March 25 that its board had decided to start buying back a maximum of 100,000 of Rapala VMC’s own shares, with a maximum of €700,000. The buy-back of its own shares started on April 1st and ended on May 10. During this period, the Finnish ...
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Article
Rapala bounces back in the second half of 2020
The Finnish manufacturer of fishing lures had a difficult start in 2020, ending the first six months with a net loss of €3.8 million due to the impact of lockdowns. But in the second half, business picked up for Rapala VMC, as fishing gained popularity as an activity that is ...
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News briefs
Rapala acquires Okuma brand and associated property rights in Europe and Russia
Rapala VMC and Okuma Fishing Tackle have agreed that Okuma will transfer to Rapala its European and Russian trademarks and associated intangible assets against consideration of $8 million. The two companies have also agreed to conclude a supply agreement for the area. Okuma will become the flagship brand in Rapala’s ...
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Article
Rapala to launch new sustainability strategy
Rapala VMC Corporation, a Finnish manufacturer of fishing lures, equipment and tools, has unveiled a new strategy aimed at one of the first fishing tackle companies to act upon a set of seriously ambitious environmental objectives. This includes actions already implemented over recent years as well as a series of ...
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Article
Rapala rolls out 13 Fishing to over 25 countries
Rapala VMS Corporation, a Finnish manufacturer of fishing lures, equipment and tools, has started the international rollout of a brand for recreational fishing called 13 Fishing. In July, Rapala acquired a total of 49 percent of the share capital of Clearwater, Florida-based DQC International Corp., which owns 13 Fishing. Prior ...
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News briefs
New CEO for Rapala
(SGI) In the midst of reforms to turn around the business, Rapala VMC has appointed Nicolas Warchalowski as its new chief executive, effective March 1, 2020. He has had an extensive career in international consumer businesses, heading up companies such as BabyBjörn, Peak Performance and Haglöfs. Warchalowski is taking the ...
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