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Kathmandu catches Rip Curl wave out of covid funk

Paul McBeth
Tue, 21 Sep 2021

Rip Curl outperformed Kathmandu's expectations. (Image: supplied by Rip Curl)
Paul McBeth
Tue, 21 Sep 2021
Kathmandu profit soared as the outdoor equipment retailer bounced back from last year’s covid-induced funk, with a full contribution from its Rip Curl acquisition.Net profit jumped to $63.4 million in the 12 months ended July 31 from $8.9m a year earlier, when it booked about $16.9m of transaction costs from its $368m acquisition of the surfing retailer and wholesaler.Stripping out the one-off costs and accounting changes to leases, underlying earnings before interest, tax, depreciation and amortisation climbed 35.9% to $113.3m on a 15.1%...

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Why US private equity still sees a silver lining in the All Blacks
Trevor McKewen | Sat, 16 Oct 2021

 Silver Lake has been battered from pillar to post in the great Kiwi rugby debate. So, why is it not giving up?

On the Money
On the Money: John Key, car boss's big bonus, Chris Meehan, and more
Rebecca Stevenson | Sat, 16 Oct 2021

OTM this week: who is the go-to lawyer for high net worth New Zealanders, can this listed company boss rev up his firm, which tech exec is living la vida normal, and more.

Has Rob Everett thrown a hospital pass?
Brian Gaynor | Sat, 16 Oct 2021

Samantha Barrass, Rob Everett’s successor at the FMA, may have a baptism of fire.

Let's not lose sight of the wood for the trees

As much generation will need to be built in the next 14 years as has been built in the last 40+ years for Aotearoa to meet its commitment of achieving net zero emissions by 2050.

Getting the health and safety of remote workers right

With many staff working alone or in isolated situations, workplace health and safety is an operational priority. Here is how your business can protect remote workers.