Lew’s parent company buys Strike King

[Deleted account]

5 minutes ago, J Francho said:

There's plenty of evidence in their portfolio.  Cutting corners and reduced quality doesn't look to be their hallmark.  In fact, their entire portfolio is more of a high end type product list.

 

http://peakrockcapital.com/portfolio/

Queso dip AND gun barrels?, I'm surprised ya'll haven't erected a monument yet....

[WRB]

Off topic, Just read some of this thread and seems to be taken over by anti business folks.

If a retail business isn't profitable it ceases to exit, profit and growth are the goals.

If you own a business there is only so much growth a single product line can achieve and starting up a new product line is an option, however acquiring a product line that you feel can add to your growth and profit is very common and always has been.

Profit and growth isn't always greed, competition and the market place has a way to reel that in.

I think this acquisition adding another fishing product shows a, interest is this business sector and looking to expand products.

Tom

[Columbia Craw]

This relationship will benefit both brands in the long run.  

[moguy1973]

So I'm wondering what the impact this will have on the SK pro staff.  Especially KVD who is strictly a Quantum user.  Wonder how Lew's will have an effect on that sponsorship.

[Chance_Taker4]

21 hours ago, Columbia Craw said:

There were subtle signs of this acquisition taking place over the last year or so. A number of long time Strike King Pro's had begun relationships with Lew's. Strike King product manager, Doug Minor was fishing Lew's products on a Strike King TV show and one of the co-sponsors for the show was Lew's. When Bass Pro Shops added Lew's to their reel line up I was curious as to what prompted Johnny Morris to support Lynn Reeves.  The brands do compliment each other. I'm happy to see Strike King's leadership is intact.  Thanks for sharing.

I posted a topic  on BR a few months back that I say Quantum had dropped all KVD signature products and had a feeling that KVd would be popping up with a different rod and reel sponsor. This would only add fuel to my fire even though only slightly.

[moguy1973]

Just now, Chance_Taker4 said:

I posted a topic  on BR a few months back that I say Quantum had dropped all KVD signature products and had a feeling that KVd would be popping up with a different rod and reel sponsor. This would only add fuel to my fire even though only slightly.

Heh, I just asked the same thing just before you posted.

[Chance_Taker4]

2 minutes ago, moguy1973 said:

Heh, I just asked the same thing just before you posted.

Between dropping the KVD Sig line and KVD not in the Quantum booth at iCast and how hard Quantum has been pushing Swindle lately I feel it is only a matter of time before you see KVD with a Lews patch on his jersey.

[12poundbass]

3 minutes ago, moguy1973 said:

So I'm wondering what the impact this will have on the SK pro staff.  Especially KVD who is strictly a Quantum user.  Wonder how Lew's will have an effect on that sponsorship.

What TM does KVD use? What brand electronics does he use/sponsored by? 

Zona just went to Diawa, he's sponsored by SK. I'm guessing KVD has enough pull that he can do what he wants. If any sponsor gave him an ultimatum he could just walk away and get picked up by whoever he wanted. KVD is a loyal guy. He's been with Nitro, MG, Quantum, Bass pro, and I'm sure many more forever. You can't tell me another company hasn't offered him way more money to plug this or that.

[J Francho]

What KVD uses is of very little concern to me. What ever he uses, he’ll be well compensated for it. 

[12poundbass]

1 hour ago, 12poundbass said:

What TM does KVD use? What brand electronics does he use/sponsored by? 

 

57 minutes ago, J Francho said:

What KVD uses is of very little concern to me. What ever he uses, he’ll be well compensated for it. 

Mine was a rhetorical question. Trying to make a point with it. You probably figured that out. ?

[Chance_Taker4]

1 hour ago, 12poundbass said:

What TM does KVD use? What brand electronics does he use/sponsored by? 

Zona just went to Diawa, he's sponsored by SK. I'm guessing KVD has enough pull that he can do what he wants. If any sponsor gave him an ultimatum he could just walk away and get picked up by whoever he wanted. KVD is a loyal guy. He's been with Nitro, MG, Quantum, Bass pro, and I'm sure many more forever. You can't tell me another company hasn't offered him way more money to plug this or that.

You are correct but BPS (Nitro) has partnered with Lews. SK was just bought by Lews I'm pretty sure if Lews wanted him they would contact Johnny Morris and get Kevin on board.

[12poundbass]

4 minutes ago, Chance_Taker4 said:

You are correct but BPS (Nitro) has partnered with Lews. SK was just bought by Lews I'm pretty sure if Lews wanted him they would contact Johnny Morris and get Kevin on board.

Not a chance (my assumption only). If that were the case he wouldn't be with Quantum, Oakley, HUK, and I'm guessing many others that would be a conflict of interest for Mr. Morris.

[J Francho]

8 minutes ago, Chance_Taker4 said:

You are correct but BPS (Nitro) has partnered with Lews.

What do you mean partnered?  I know of no partnership between them.  All I've seen is that they are reselling Lew's. 

[Chance_Taker4]

Just now, 12poundbass said:

Not a chance (my assumption only). If that were the case he wouldn't be with Quantum, Oakley, HUK, and I'm guessing many others that would be a conflict of interest for Mr. Morris.

I know it hold no grain of evidence but its interesting. A few guys I know that fish the Coasta series and sponsored by Lews is saying Lews is trying everything in their power to bring Kevin on board. they also told Bill Dance to move to Lews or be dropped by Strike King earlier before the merge was announced. That is the reason Dance is now with Berkley Rapala. Again I do not know and it was a rumor going around the lower Lews Staffers.

2 minutes ago, J Francho said:

What do you mean partnered?  I know of no partnership between them.  All I've seen is that they are reselling Lew's. 

In the contract between Lews and BPS there is a clause that BPS agrees to push Lews as their main brand under their house brand. My cousin is the head of the fishing department at BPS in my town and don't like it because he pushes Shimano to everyone even over BPS reels. But BPs came in and told employees that if a customer doesn't specify brands then show him BPS and Lews brand reels first. Although a forced partnership it is still a partnership.

[J Francho]

Thanks, Gotcha!

[12poundbass]

33 minutes ago, Chance_Taker4 said:

I know it hold no grain of evidence but its interesting. A few guys I know that fish the Coasta series and sponsored by Lews is saying Lews is trying everything in their power to bring Kevin on board. they also told Bill Dance to move to Lews or be dropped by Strike King earlier before the merge was announced. That is the reason Dance is now with Berkley Rapala. Again I do not know and it was a rumor going around the lower Lews Staffers.

In the contract between Lews and BPS there is a clause that BPS agrees to push Lews as their main brand under their house brand. My cousin is the head of the fishing department at BPS in my town and don't like it because he pushes Shimano to everyone even over BPS reels. But BPs came in and told employees that if a customer doesn't specify brands then show him BPS and Lews brand reels first. Although a forced partnership it is still a partnership.

Very interesting stuff. I think Bill Dance and KVD are apples and oranges.

 

While I respect Bill Dance and enjoy some of his shows, take his advise, and respect his accomplishments his stock isn't what it used to be.

 

KVD probably has the highest stock out of any angler on this planet. Maybe your rumors have some merrit. My opinion, I'll bet Lews is chomping at the bit to get KVD (who wouldn't). Like the old saying goes you can want in one hand and ? in the other and see which fills first. 

[DINK WHISPERER]

These kind of things happen all the time guys. If the quality of either does eventually drop, just buy something else. That's the beauty of being free, we can choose to buy from whatever manufacturer we want. 

[Hollywood Fisherman]

Could be about market share.  Assuming SK and Lew's are profitable.  Lew's as a stand alone private company might not be able to simply decide to launch a lure/bait/tackle brand and grow it into a market force, at least not in a timely way, but now they are owned by a venture capital firm. 

 

The venture capital firm may have said to the Lew's management..."what can we do about market share to get into more aspects of the fishing market?" And compared to launching a "Lew's Baits" division, went out and bought themselves a bait/lure/tackle brand and with it, they are suddenly occupying a greater share of the market.  The relationship will certainly bring professionals and "big names" into the Lew's fold, quickly.  The portfolio now has greater share...and faster.  Like when a Japanese golf ball brand bought a big American golf club brand rather than trying to create demand for a new lineup of their own irons and whatnot.

 

[Dtrombly]

On 11/7/2017 at 12:37 PM, 12poundbass said:

What TM does KVD use? What brand electronics does he use/sponsored by? 

Zona just went to Diawa, he's sponsored by SK. I'm guessing KVD has enough pull that he can do what he wants. If any sponsor gave him an ultimatum he could just walk away and get picked up by whoever he wanted. KVD is a loyal guy. He's been with Nitro, MG, Quantum, Bass pro, and I'm sure many more forever. You can't tell me another company hasn't offered him way more money to plug this or that.

He's on record saying this, other companies have offered him more money than his current sponsors but he refuses to drop them because they have been with him from the start. 

[dodgeguy]

If Lew's products are any indication then sk lovers have nothing to worry about price or quality wise.

[WRB]

Why give any thought to whom a pro angler is sponsored by?  The pro's are paid to promote whatever sponsors they may have and are fully capable of negotiating contracts without conflict of interest. 

I hope you don't make tackle buying decisions based on promotional advertising.

Tom

[Chance_Taker4]

On ‎11‎/‎11‎/‎2017 at 12:45 PM, WRB said:

Why give any thought to whom a pro angler is sponsored by?  The pro's are paid to promote whatever sponsors they may have and are fully capable of negotiating contracts without conflict of interest. 

I hope you don't make tackle buying decisions based on promotional advertising.

Tom

Watch what pro goes to which company has nothing to do with my buying choice. I watch it and keep track like most people watch and keep track of player movement in other sports. You can ask my wife during the NFL and NHL offseason my life revolves around player movement and transactions. I see sponsorship changes in the same light.

[burrows]

I only buy it if kvd says buy it.

 

 

 

 

 

[J Francho]

6 minutes ago, Burro said:

I only buy it if kvd says buy it.

 

 

 

 

 

Fish can't resist it's erratic action!

[Steveo-1969]

2 hours ago, J Francho said:

Fish can't resist it's erratic action!

Exactly! The fish "just can't handle it!!"

 

While I understand you shouldn't take what a sponsored pro recommends at face value, if professional sports figures/celebrity spokespeople didn't help companies sell more of their product they wouldn't use them.