Briscoe Group ups investment in Kathmandu via placement

Wed, 21 Mar 2018

By Rebecca Howard March 21 (BusinessDesk) - Briscoe Group participated in the capital raising announced by Kathmandu Holdings, buying 2.57 million shares from the institutional placement for a cost of $5.6 million. It also intends to participate in the share purchase plan. “We are very supportive of Kathmandu’s initiative to diversify the business and position it for greater international growth," said Briscoe managing director Rod Duke in a statement to the NZX. Earlier today, Kathmandu said it had successfully raised $40 million thro...

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