Hello summer: Kathmandu warms to Rip Curl acquisition

Thu, 26 Nov 2020

Kathmandu group chief executive Xavier Simonet told shareholders at the company’s annual general meeting the $368 million Rip Curl buy positioned the group as “truly global.”And in its first quarter update to the NZX the outdoor retailer rode its Rip Curl acquisition to a 72 percent sales increase.The company said Rip Curl same store sales - adjusted for covid store closures - rose 26.8 percent year-on-year and pointed to strong wholesale sell-in - where a retailer buys goods to onsell them - for the surf brand’s product...

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