Rip Curl buy a done deal on Kathmandu proxies

Rip Curl buy a done deal on Kathmandu proxies
Paul McBeth
Enough Kathmandu shareholders backed the $368 million acquisition of surf brand Rip Curl to approve the deal just on the number of proxy votes held by the board.The special meeting in Sydney was to ratify the deal, which will turn Kathmandu into a billion-dollar-revenue business and add at least 10 percent to per-share earnings. The resolution attracted 163.1 million votes - 60 percent - in favour on proxies alone. It was almost unanimously supported with 99.96 percent support at the meeting. The outdoor goods retailer is raising $145 mill...

More Retail

Foodstuffs settles land covenants case
Retail

Foodstuffs settles land covenants case

Fines can reach up to $10 million or three times the commercial gain, ComCom said.

Gregor Thompson 19 Jun 2024
Warehouse shares rise after cost cut signals
Retail

Warehouse shares rise after cost cut signals

Competition from every direction will make it hard to bounce back, analysts say.

Gregor Thompson 19 Jun 2024
Consumer confidence near historic lows – Westpac
Retail

Consumer confidence near historic lows – Westpac

42% of households feel their financial position has deteriorated.

Staff reporters 18 Jun 2024
Bluebird improves profits after investment in Wiri site
Finance

Bluebird improves profits after investment in Wiri site

Bluebird Foods NZ has posted a profit of $13.2m for the year ended December 2023.

Staff reporters 18 Jun 2024