Rip Curl owner KMD Brands in takeover talks with US retail giant
KMD Brands, parent of Rip Curl and Kathmandu, has entered exclusive talks to be bought by US retailer Bluestar Alliance.
KMD Brands owns surfwear brand Rip Curl and outdoor clothing maker Kathmandu. KMD Brands has entered exclusive takeover talks with US retailer Bluestar Alliance.
KMD also runs footwear company Oboz. Bluestar owns popular US brands including Dickies.
The exclusivity agreement means KMD is negotiating only with Bluestar and has ruled out other bidders. The company warned there is no certainty a deal will happen.
KMD's share price jumped 10.4 per cent on the announcement.
- 10.4 per cent
- Share price jump
- Bluestar Alliance
- Acquirer
- Rip Curl, Kathmandu, Oboz
- KMD brands involved
Why it mattersA US takeover would reshape these Australian brands. It would affect how they are run, priced, and sold locally and worldwide.
Corroborated bysmh.com.au·theage.com.au
