Low Tide: KMD Brands Rejects Offer to Sell Off Surfing Brand Rip Curl to Rival

KMD Brands higher after rejecting Rip Curl demerger proposal

Shares in KMD Brands closed higher after it rejected a proposal from a US surfwear company to demerge its Rip Curl business, saying the move would create no value for investors.

Low tide: KMD Brands rejects offer to sell off surfing brand Rip Curl to rival

Kathmandu’s parent company KMD Brands has rejected a proposed demerger of its surf brand Rip Curl after speculation about the deal in Australian media,...

Former Billabong executives target Rip Curl, pitch KMD Brands carve-up

Stokehouse, a privately owned company that already owns surf labels Vissla and Sisstr, is pushing for the struggling retailer behind Kathmandu to be broken up.

Which ASX retail company just rejected a deal to buy its Rip Curl stores?

KMD Brands Ltd (ASX: KMD) has rejected an offer from US surfwear company Stokehouse Unlimited to buy its Rip Curl business and list it separately on the share market. KMD said in a statement to the ASX on Tuesday that it had engaged advisers to assess the concept put forward by Stokehouse, "which involved KMD Brands de-merging Rip Curl into a separate NZX and ASX listed company and subsequently merging Rip Curl with Stokehouse''. KMD said furthe…