Kathmandu owner posts $20m half-year loss

Kathmandu, Rip Curl owner KMD Brands widens half-year loss

Apparel retailer KMD Brands has widened its half-year loss and outgoing chief executive Michael Daly has blamed the slow recovery in consumer sentiment and higher operating costs.

Kathmandu owner posts $20m half-year loss

KMD Brands, parent of Kathmandu, Rip Curl and Oboz, has posted a $20 million half-year loss despite growing sales year-on-year, a result the company puts...

The former executive of Nike, Ashley Reade, is the new CEO of Rip Curl, reported several sites based on a press release sent by the brand. Reade held the position of vice president and CEO of Nike Pacific. Reade arrives after Brooke Farris resigned from the CEO position on the brand and after working 14 years there. The new CEO reports directly to the brand’s owner Kathmandu group. “Ashley has a proven track record in fostering strong connection…

KMD Brands reports flat sales despite DTC growth in first half

KMD Brands has reported flat sales for the fiscal first half despite improvements in its direct-to-consumer business.