Hardy & Grays is setting up a subsidiary in France, building on the success it has had with offshoots in the US and Germany. The company, the most famous in fishing, is being sold by its owners, Harris & Sheldon, but that is not preventing it from pushing ahead with expansion. Hardy’s has been owned by H&S for the past 45 years. It has endured tough trading conditions over the past three years and made a £476,000 loss in 2011 despite improved turnover of £13.36m. Its latest accounts state: “Global sales grew by 4.1%, with the group’s brand continuing to take market share in the European and North American markets. The directors are optimistic that significant future sales will continue through 2012 and beyond.” Read the next issue of Classic Angling, out next week, for latest news on possible new owners.