NZ’s Mighty Ape still weighing on Kogan, turnaround promised

Robert McEwan is the managing director of Mighty Ape. (Image: Supplied)

Mon, 24 Nov 2025

Mighty Ape continues to weigh on its ASX-listed parent, Kogan, though the company says a recovery is in sight.In December 2020, Kogan acquired 100% of the online New Zealand retailer, founded by Simon Barton, for A$122.4 million (NZ$141.13m).Loss makingIn August 2025, Kogan announced a non-cash write-down of A$46.3m on the Mighty Ape acquisition, citing weaker-than-expected trading and platform issues after a 2024 website upgrade.At its annual meeting on Friday, Kogan reported results for July to October 2025, with group year-to-date...

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