Briscoe says prudent not to participate in Kathmandu equity raising

Wed, 01 Apr 2020

Briscoe Group managing director Rod Duke said his decision not to participate in a $207 million equity raising by associate Kathmandu Holdings is prudent.The homeware and sports goods retailer owns about 14.5 percent of Kathmandu, an outdoor goods and apparel retailer with almost 600 outlets worldwide.“We think it’s a little more prudent, rather than invest an additional $33 million dollars into Kathmandu, we think it would be best spent on our own business, with our own people and our own customers,” Duke told BusinessDesk.“For us, it has alwa...

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