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

India denied 'basmati' trademark
Retail

India denied 'basmati' trademark

New Zealand's decision is similar to action previously taken by Australia.

Briscoe Group says tax changes will hit FY net profit by $7.4m
Retail

Briscoe Group says tax changes will hit FY net profit by $7.4m

New legislation affects depreciation on commercial buildings.  

Rebecca Howard 05 Jul 2024
Liquidators investigate sale of three Pizza Hut stores
Retail

Liquidators investigate sale of three Pizza Hut stores

Maloita sold three Wellington Pizza Hut stores prior to its liquidation.

John Anthony 05 Jul 2024
Laybuy receivers considering offers
Retail

Laybuy receivers considering offers

About 10,000 merchants had signed up to the buy-now pay-later service.

John Anthony 05 Jul 2024