Outdoor sporting goods and apparel merchant Cabela’s has sold its wildlife-art division, Wild Wings, to RDE Acquisition Co. The deal closed on Oct. 30, and terms of the deal were not disclosed.
Cabela`s will continue to sell Wild Wings collectables and limited-edition prints through its retail stores, catalogs and Website.
Cabela’s CEO Tommy Millner said in a statement that the Wild Wings sale is consistent with Cabela`s strategy of focusing on core business operations.
According to Cabela’s, RDE Acquisition is owned by an unnamed former officer of Wild Wings.
Cabela’s sold off its Van Dyke’s Taxidermy unit in September to McKenzie Sports Products, according to Cabela’s. most recent 10q filed with the Securities and Exchanges Commission.
Cabela’s said its third-quarter 2009 revenue was $624.3 million, up from $611.8 million for the same period in 2008. But its direct sales for the quarter were $226.2 million, down from $241.2 million in the third quarter of 2008.