Fishing 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 ...
American 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 ...
Rapala 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, ...
Vista Outdoor appoints new Simms president
Vista Outdoor Inc., the parent company of 41 sports and outdoor lifestyle brands, has named Derek Tarlecki president of its Bozeman, Montana-based Simms Fishing Products brand, effective immediately. Tarlecki had served as Simms’ chief integration officer since September, following the retirement of Simms CEO Casey Sheahan. Tarlecki’s leadership accelerated Simms’ ...
Garmont with growth in 2022, U.S. and Germany at the top of the list
Garmont, the Italian outdoor footwear company founded in 1964, reported total sales of €40.5 million in fiscal 2022, up 60 percent from the previous year, and consolidated Ebitda of more than 16 percent. ”In 2022 we defined a strategy that allowed us to maintain our market positions while taking into ...
Angling Direct announces CEO and board changes
Andy Torrance, CEO of British fishing tackle and equipment retailer Angling Direct, is stepping down to take on the role of non-executive chairman. The board has appointed Steve Crowe, the current chief financial officer, as his successor. In addition, Martyn Page will relinquish his role as non-executive chairman and will ...
Shimano establishes joint venture for Southeast Europe
Shimano Europe has announced a joint venture with Greece-based Nikos Maniatopoulos to handle bicycle components and fishing tackle sales and service in most of Southeast Europe. The joint venture will operate as Shimano South-East Europe. Integration is planned to start on April 1. The joint venture builds on a long-standing ...
Angling Direct posts revenue growth, driven by in-store sales
Angling Direct, the British omnichannel fishing tackle and equipment retailer, posted sales of £74.1 million (€84m) for the financial year ended Jan. 31, 2023, representing a 2.2 percent increase from the prior year. Sales were boosted by the opening of new stores in Washington (July), Coventry (August) and Stockton-on-Tees (September). ...
Rapala’s CFO to leave the company this summer
The chief financial officer of Finland-based fishing tackle company Rapala VMC Corporation, Jan-Elof Cavander, will leave his position on June 21, 2023, to pursue new challenges outside Rapala. The company, led by chairman, president and CEO Louis d’Alançon, has not yet announced a successor.
Johan Svanström to leave RVRC’s board of directors
Johan Svanström informed the board of directors of RVRC Holding AB (RevolutionRace) that he wishes to resign from his position as a member of the board effective Feb. 24, 2023. Svanström is taking on a role as CEO of Rightmove, a U.K. listed company, and is unable to continue his ...
Outdoor Research has a new U.K. partner
Seattle-based Outdoor Research (OR) has announced a new licensing partnership with U.K.-based Brigantes Consulting Limited to launch new products under the OR Pro brand across Europe and the Middle East.
Shimano with new sales and profit record for its bicycle division
Many companies – irrespective of the industry – lost ground, especially in the second half of 2022. Inflation triggered by the Ukraine war has led to a buying restraint on the part of consumers worldwide. Everyone is feeling the pinch. But there are a few exceptions: For Shimano, for example, ...
Polartec’s owner announces new leadership structure
Milliken & Company has promoted Ramesh Kesh and Eric Yung, two long-time employees, to new roles and responsibilities. In addition to his position as senior vice president of Milliken & Company, Kesh will now also oversee all Polartec business units, as well as the government and defense business units.
Major Craft opens a distribution hub in Spain
Major Craft, a Japanese fishing tackle supplier with headquarters in Osaka, has opened an office and warehouse in Madrid. The new distribution hub is part of the company’s plan to increase its sales presence in Europe and better serve that market. The company has also announced plans to develop rods, ...
RevolutionRace sales up 30% in Q2
Under new CEO Paul Fischbein, RVRC Holding generated record quarterly sales of 509 million kroner (€46.5m) against SEK 392 million for the second quarter ended Dec. 31. Adjusted EBIT was flat at SEK 117 million (€10.7m) as gross profit contracted to 70.7 percent from 71.4 percent. EBIT margin came in ...
Rapala issues profit warning after poor weather hits winter sales
Fishing equipment maker Rapala has issued a profit warning after reporting a fall in 2022 earnings and sales due to poor winter weather in the northern hemisphere and high inventories.
New president and CEO to come at Thule
The Thule Group AB will be making Matthias Ankarberg – a member of the Thule Group board since 2018 – its president and CEO no later than Aug. 9.
American Outdoor Brands sues The Allen Company for patent infringement
American Outdoor Brands (AOB) has announced that it has filed a complaint against The Allen Company, alleging “repeated infringement by Allen of America Outdoor Brands’ patent rights incorporated in the Lead Sled shooting rests; Orange Peel shooting targets; and Ultimate Target Stand through Allen’s sales of the Shottrax and Shot-Rock ...
Vista Outdoor replaces CEO Chris Metz with interim chief Gary McArthur
The board of Vista Outdoor Inc, parent company of 41 brands in the outdoor and firearms sectors, has asked its CEO Chris Metz to resign from his role after the company’s board lost confidence in his leadership. The board, which named director Gary McArthur as Vista’s interim chief, said Metz ...
Vista Outdoor net income dips 45% in Q3
Vista Outdoor, the group that owns 41 sporting and outdoor brands, saw its Q3 net income fall by 45 percent to $65.1 million from $118.1 million for the third quarter ending Dec. 25. Reported earnings before interest and taxes (EBIT) declined by 38.8 percent to $97.3 million. Earnings before interest, ...