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‘Challenging’: Kathmandu, Rip Curl owner takes hit

Pelican Press

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‘Challenging’: Kathmandu, Rip Curl owner takes hit

A “challenging sales environment” has left Kathmandu and Rip Curl owner KMD Brands with an 11 per cent drop in sales through the 2023/24 financial year.

Group sales by the outdoor equipment and surf clothing brand owner fell to $NZ979 million ($A901 million), with the group attributing the loss to weak consumer confidence.



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#Challenging #Kathmandu #Rip #Curl #owner #takes #hit

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