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Inside The Call: Clarus Hikes Outlook As Black Diamond Regains Momentum sgbonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sgbonline.com Daily Mail and Mail on Sunday newspapers.
NEW YORK, July 8, 2021 /PRNewswire/  Technavio has been monitoring the camping lights and lanterns market and it is poised to grow by USD 68.21 million during 2021-2025, progressing at a CAGR of over 8.34% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Technavio s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. ....
Impact of COVID-19 The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the camping lights and lanterns market. As the business impact of COVID-19 spreads, the camping lights and lanterns market 2021-2025 market is expected to have negative & inferior growth. Frequently Asked Questions: Based on segmentation by product, which is the leading segment in the market? The flashlights segment accounted for the largest market share and will continue to maintain its dominance in the long run. ....
Clarus Corp. completed the acquisition of Australia-based Rhino-Rack Pty Ltd. The company also amended and upsized its existing senior credit line. Clarus’ portfolio of brands also includes Black Diamond, Sierra, Barnes, PIEPS and SKINourishment. Rhino-Rack will continue to operate independently as a wholly-owned subsidiary of Clarus and will constitute a third reporting segment. Clarus acquired Rhino-Rack for $AUD 194 million (approximately $USD 145 million) in cash, subject to a post-closing working capital adjustment, and approximately 2.3 million shares of Clarus common stock for a total aggregate purchase price of $AUD 273 million or approximately $USD 207 million based upon the AUD/USD exchange rate and market value of the stock price at closing. In addition, an earn-out of $AUD 10 million (approximately $USD 8 million) in cash is payable on July 31, 2022, contingent on the achievement of a specified revenue target. With the closing, Richard Cropley, Rhino-Rack ....
In Clarus Corp.’s first discussion with the investment community since announcing plans to acquire Rhino-Rack, John Walbrecht, Clarus’ president, said the rack system manufacturer has a dominant share in Australia and New Zealand with the major initial opportunity expanding the brand to North America. ....