Kathmandu owner KMD Brands posts soft earnings amid media reports of Australian billionaire Brett Blundy's interest

KMD's net debt was lower than expected. (Image: Supplied)

Wed, 24 Sep 2025

KMD Brands has reported earnings at the lower end of its guidance range and positive sales momentum amid media reports that Australian billionaire Brett Blundy is eyeing a stake.The owner of the Kathmandu, Ripcurl and Oboz Footwear brands reported full-year earnings for the year to July 31 on Wednesday.The result came just hours after The Australian reported undisclosed sources saying that retail billionaire Blundy was “making efforts to buy a meaningful stake in KMD Brands”.BusinessDesk was unable to verify the reporting, but one l...

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