All Rip Curl articles
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ArticleKMD Brands’ H1 results impacted by numerous factors
New Zealand-based KMD Brands, the Kathmandu, Rip Curl, and Oboz parent, reported lower H1 group sales and underlying Ebitda due to weak consumer sentiment, a warm Australian winter, difficult year-on-year comparisons, and excess inventory issues in the wholesale channel. KMD’s net loss from continuing operations was NZ$9.7 million (€5.4m) for ...
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News briefsKMD Brands updates full-year outlook
KMD Brands, the New Zealand parent of Oboz, Kathmandu, and Rip Curl, says it’s on track to reach full-year sales of NZ$1.1 billion (€619.7m) for the 12 months ending July 31. FY gross margin is forecast to be on par with the prior year, and Ebitda is forecast at NZ$105 ...
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News briefsKMD reports sales growth across brands in Q3
New Zealand-based company KMD Brands offered a trading update on its three brands for the period ended April 23, saying Rip Curl, Kathmandu, and Oboz each generated sales growth. With the group reporting Q3 consolidated, year-over-year sales growth of 15.6 percent, Oboz had the period’s largest sales increase at 120.3 ...
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News briefsKMD Brands refinances debt with sustainability-linked loans
KMD Brands, the New Zealand-based parent of Kathmandu, Rip Curl, and Oboz, has successfully refinanced its NZ$310 million (€177.4m) in debt with sustainability-linked, multi-currency revolvers. The three-and-a-half-year finance package, which includes a A$240 million (€147.6m) revolver and a NZ$54 million (€30.9m) revolver, provides the group with significant liquidity to support ...
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ArticleAs pandemic’s impact eases, KMD Brands grows H1 sales
KMD Brands, the down-under parent of Rip Curl, Kathmandu, and Oboz, reported Ebit of NZ$31.4 million (€18.6m) for H1 ended Jan. 31. Total revenues rose by 34.5 percent to NZ$547.9 million (€323.8m) as gross margin came in flat at 58.7 percent. Ebitda was NZ$90.8 million (€53.7m) versus NZ$45.3 million. The ...
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News briefsKMD Brands secures B Corp status for all brands
KMD Brands, the outdoor, lifestyle and sports company, sees all three of its brands – Kathmandu, Oboz and Ripcurl – become Certified B Corporations, becoming one of the first multinational firms in Australia and New Zealand to have all businesses individually certified. KMD Brands Group CEO Michael Daly called ...
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News briefsKMD reports H1 sales on improving trends
KMD Brands Limited – the New Zealand-based global outdoor, lifestyle and sports company that includes the Kathmandu, Rip Curl and Oboz brands – citing continued sales momentum in Q2, reported record H1 group sales of NZ$546 million (€322.6m) for the six months ended Jan. 31. According to the company’s preliminary ...
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News briefsKMD Brands appoints new director
KMD Brands Limited, the New Zealand-based global outdoor, lifestyle and sports company that includes the Kathmandu, Rip Curl and Oboz brands, has completed the process to appoint another non-executive director to its board, Zion Armstrong, effective Dec. 1, 2022. Armstrong has had a highly successful career in the global sportswear ...
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ArticleKMD Brands sees sales momentum resuming
After a challenging first half impacted by the effects of the Covid-19 pandemic, KMD Brands experienced rebounding sales in the final two quarters.
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News briefsKathmandu parent updates guidance
KMD Brands, formerly Kathmandu Holdings, is now forecasting total annual sales of NZ$955 to NZ$965 million (€580.7m to €586.8m) for the 12 months ending July 31 after a record performance during a winter promotional period for its Kathmandu retail operation. FY22 Ebitda, excluding one-off, non-cash items, including government subsidies, is ...
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News briefsKathmandu Holdings changes name to KMD Brands
Kathmandu Holdings Limited from New Zealand announced March 2 that it will change its name to KMD Brands Limited. The new name will take effect on March 16, 2022. The NZX and ASX ticker will remain KMD. An announcement on the launch of KMD Brands, its purpose and vision, will ...
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News briefsKathmandu wants to promote the brand in Europe
The Christchurch, New Zealand-based company Kathmandu Holdings is the owner of the eponymous outdoor brand and retailer Kathmandu, as well as Oboz, a North American outdoor footwear brand, and the Australian surf brand Rip Curl, which the company acquired in 2019. So far, the Kathmandu brand has been distributed mainly ...
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ArticleKathmandu is on track for better results
In its second quarter, the profits improved at Kathmandu Holding, which ended Jan. 30, despite the global pandemic’s impact on trading conditions and persistent supply constraints on the group’s Oboz business. In the first quarter, factory shutdowns at Oboz’s suppliers in Vietnam, as previously reported, left the company unable to ...
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ArticleKathmandu Holdings publishes 2021 sustainability report
Source: Kathmandu Kathmandu Holdings Ltd. sustainability report 2021 In its 2021 sustainability report, Kathmandu Holdings provides insight into the CSR and sustainability progress of its three brands, Kathmandu, Oboz and Rip Curl. The group undertook its first Environmental, Social and Governance (ESG) materiality assessment this year, conducted ...
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News briefs
Rip Curl appoints new CEO
Kathmandu Holdings has announced that Brooke Farris will assume the position of CEO of Rip Curl, effective Aug. 16, 2021. The appointment follows the previously announced promotion of current CEO, Michael Daly, to group CEO and managing director of Kathmandu Holdings Ltd. In her new role, Farris will report directly ...
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News briefsRip Curl CEO steps up to lead Kathmandu Group
Australia-based Kathmandu Holdings has appointed the CEO of the Rip Curl brand, Michael Daly, to head the group, which includes the Kathmandu, Rip Curl and Oboz brands. Daly replaces former CEO and managing director Xavier Simonet, who left the company on April 9 to take the helm at the Australian ...
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ArticleRip Curl still an engine of growth for Kathmandu
Rip Curl continues to support the performance of Kathmandu Holdings. Acquired in October 2019, it allowed the Australian group to improve its revenues for the six months ended on Jan. 31, 2021, as it did before. The group’s total revenues progressed by 12.9 percent from the year-ago period to 410.7 ...
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ArticleRip Curl continues to support Kathmandu’s performance
The acquisition of Rip Curl in October 2019 was a good one for Kathmandu Holdings. In a preliminary trading update, the Australian group said that its revenues for the six months ended on Jan. 31, 2021, progressed by 12 percent from the year-ago period, as Rip Curl’s strong performance offset ...
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News briefs
Kathmandu Group’s CEO is resigning
Kathmandu Holdings, the owner of the Kathmandu, Rip Curl and Oboz brands, has announced the resignation of its group chief executive, Xavier Simonet. After five and a half years with the company, Simonet has decided to pursue another opportunity in the Australian Public Service in a senior position. He will ...
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ArticleKathmandu benefits from Rip Curl and online; publishes sustainability report
It was the acquisition of Rip Curl that helped Kathmandu Holdings to raise its total sales by 48.7 percent to 801.5 million New Zealand dollars in the “transformational” financial year ended on July 30, with the action sports brand contributing sales of NZ$ 315.7 million (€178.2m-$210.6m) in the first nine ...
