All Rapala articles – Page 2

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    New anglers help Rapala reel in strong H1 sales rise

    18 July 2021

    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 ...

  • News briefs

    Rapala VMC completes buy-back of shares

    13 May 2021

    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

    11 February 2021

    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 ...

  • News briefs

    Rapala acquires Okuma brand and associated property rights in Europe and Russia

    1 February 2021

    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

    17 December 2020

    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

    3 December 2020

    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 ...

  • News briefs

    New CEO for Rapala

    24 February 2020

    (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 ...