Posted By Anthony – Angling International
Ardent Tackle CEO Michael Brooks: “It is unfortunate that we have had to file suit.”
Ardent Tackle, the Missouri manufacturer and distributor, has filed suit against Maurice Sporting Goods for breach of contract relating to its alleged failure to pay for the sale and delivery of goods.
Ardent revealed the move in a press release, saying that additionally Maurice is being sued on three other counts, including fraudulent misrepresentation, unjust enrichment and conversion.
Ardent states that, contrary to a press release issued by Maurice on April 12th communicating an expansion of its credit facility, no payment has been received.
On April 19th Angling International reported an announcement by Maurice that it had expanded its financing agreement to support the short-term seasonal needs of the business and to execute a ‘strategic realignment’.
Maurice said it had agreed a restructuring plan with three major banks, a move designed to ‘realise mutual short and long-term goals’ according to Jory Katlin, CEO of the fourth generation family business founded in 1923.
“It is unfortunate that we have had to file suit against Maurice Sporting Goods, but after multiple demands for payment, followed by the suspension of shipments not resulting in payment by Maurice, we terminated all business with the company and filed suit,” said Ardent CEO Michael Brooks. “Customers formerly supplied by Maurice will now be serviced by competitive distributors or direct by Ardent.”
In January this year Maurice, headquartered in Northwood, Illinois, announced the opening of a 300,000 square foot warehouse and distribution centre near Atlanta, Georgia. The company provides over 60,000 skus from more than 1,000 of the industry’s leading brands.
The suit was filed in the Circuit Court of St. Louis County State of Missouri.
Ardent manufactures freshwater fishing tackle and reel care products and is a distributor of Blue Marlin saltwater tackle and WFT Gliss and KG Strong braid.
Another guest of Tracey Hittel from Kitimat Lodge this spring smiling as he holds-up a fly caught silver steelhead!
Noel Gyger reports. Cloudy with showers and highs to +12 degrees Celsius. Kalum River Steelhead are in the river now Chinook are in the river now. You now have a chance to catch both Steelhead and Chinook on the same day. WOW it does not get any better that that! Guiding started April 1st. Note: Kalum has 4 runs of Steelhead, fall, winter, spring and summer. Skeena River in a brown colour and fishing is difficult. Zymoetz (Copper) River ~ Steelhead are in but water is too high and dirty to fish. Kitimat River is fishing well for spring Steelhead; lots of Trout fishing available also. Ocean fishing for Salmon, Halibut, Prawn and Crab good out of the ports of Kitimat and Prince Rupert.
If you would like to book a river fishing guide or ocean charter for 2016-17 you can contact Noel at, www.noelgyger.ca .
The Pejerrey is part of the family “Silversides”, and is a popular sport fish in Argentina. The average catches are 20-30 cm in length and up to 800 gram in weight. Sometimes specimen of 1,5 kg or more are caught. The rod & reel record stands at 3,6 kg (photo above) and the maximum accepted size is 5,2 kg.
(Courtesy www.fishing-worldrecords.com )
By Anthony – Comments – Angling International
Rapala VMC Corporation President and CEO, Jussi Ristimäki, told investors that the fishing tackle retail business is in turmoil.
One of the biggest manufacturers in the industry has described the fishing tackle retail business as in ‘turmoil’ and going through structural change.
In his company’s latest quarterly report to investors, Jussi Ristimäki, President and CEO of Rapala VMC Corporation, reported first quarter sales roughly in line with last year’s levels, but outlined the problems facing the retail sector.
He said that the U.S. – the group’s biggest market – had seen consumers increasingly shifting to digital channels. He added: “Several big players, including some of Rapala’s biggest customers, are in financial distress, several bankruptcies have been filed and this development has accelerated in the past few months.
“Similar uncertainties in the trade have also to some extent been witnessed in Europe.”
For the period January to March, Rapala reported net sales of €69.5 million compared to last year’s level of €69.7 million.
Ristimäki added: “With the favourable support of exchange rates, the first quarter sales were at last year’s levels and well in line with expectation in many aspects. The positive highlights of the period included good sales of ice fishing and winter sports products as well as Marttiini knives and Dynamite Baits’ products. Sales developed well in Canada, Norway and Portugal, among others.”
Shimano saw its fishing tackle sales for the first quarter of 2017 fall by nearly 10% from the previous year to 15,153 million yen, citing a decrease in sales in North America and Australia.
Growing UK retailer, Fishing Republic, posted a 32% profit before tax to £403,000 for the year ended December 31st 2016 compared to £6,000 in the previous year. Revenue was up 41% to £5,799,000 (£4,124,000).
Tracey John Hittel reports. Back again for the Steelhead challenge, it’s been a really good week many bites, great catches; a really nice grab in this pic.
Another week and Mr. Kim from South Korea landed this pair of male Steelhead on his Spey rod. First Steelhead trip for Kim and 38 inch length on these beautiful creatures, very healthy and all catch and release.
Master rod builder and Spey Caster, Hiroshi landed and had many bites this spring and using his O-Rex, 7wt rod was put to the test fishing for wild ocean running Steelhead, minutes from the ocean.
The Fisher boys from VI arrived and fished the Easter weekend with us, Gerry having a great time landing Steelhead on a pair of local rivers and James posing with the Steelhead.
James and Gerry Fisher slamming some local Steelhead. No words can say the serenity of this fishery. Below is a nice Steelhead caught by Hatcho, first trip in April, Hatcho has landed numerous Steelhead in October and wanted a spring trip, not to mention his vintage Hardy Reel came apart during the battle with this fresh sea run Rainbow.
If you love steelheading you can contact Tracey John Hittel at, email@example.com to book your world class trip!