Kathmandu’s Parent Company in the Red as Chair Plans Exit Amid Capital Raise

Kathmandu owner holds capital raising at steep discount

KMD Brands has been forced to raise funds at a 69 per cent discount, meaning shareholders are about to be stung with sharp losses.

KMD Brands secures lifeline at massive discount, chairman to exit

The retailer behind Rip Curl and Kathmandu has struggled to turn around its poor performance, posting a loss of more than $10 million for the last six months.

KMD Brands raises funds to help recapitalise business

The NZX and ASX-listed owner of Kathmandu, Rip Curl and Oboz footwear brands has reported a first half loss of $13.1 million.

Kathmandu’s parent company in the red as chair plans exit amid capital raise

After multiple delays, Kathmandu’s parent KMD Brands filed its half-year results, revealing details of a discounted capital raise and news that chairman...