Duke to cut stake in company under Kathmandu offer

Original article by Carrie LaFrenz
The Australian Financial Review – Page: 21 & 26 : 2-Jul-15

Shares in adventurewear retailer Kathmandu Holdings closed $A0.04 lower on 1 July 2015, at $A1.53. Briscoe Group MD Rod Duke says his company’s cash and scrip takeover bid is "very fair", and adds that the two businesses are "very complementary". Duke has also indicated that New Zealand-based Briscoe will seek to list on the Australian sharemarket if its $A324m bid succeeds. He will also reduce his stake in Briscoe from 78 per cent to 55.1 per cent.

CORPORATES
KATHMANDU HOLDINGS LIMITED – ASX KMD, BRISCOE GROUP LIMITED, REBEL SPORT LIMITED, QUADRANT PRIVATE EQUITY PTY LTD

Kathmandu shareholders wary

Original article by Sue Mitchell
The Australian Financial Review – Page: 17 : 1-Jul-15

Shares in adventurewear retailer Kathmandu Holdings closed $A0.32 higher at $A1.57 on 30 June 2015, in response to a takeover bid from New Zealand-listed Briscoe Group. Briscoe, which is headed by Rod Duke, increased its stake in Kathmandu to 19.9 per cent on 29 June, and its bid values the target at about $A324m. Some Kathmandu shareholders have described the bid as "opportunistic". Briscoe’s retail business comprises homewares, sporting goods and gift stores.

CORPORATES
KATHMANDU HOLDINGS LIMITED – ASX KMD, BRISCOE GROUP LIMITED, BRISCOES, REBEL SPORT LIMITED, LIVING AND GIVING LIMITED, MILFORD ASSET MANAGEMENT LIMITED, CYAN INVESTMENT MANAGEMENT PTY LTD, PUMPKIN PATCH LIMITED, MACPAC WILDERNESS EQUIPMENT, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, QUADRANT PRIVATE EQUITY PTY LTD, GOLDMAN SACHS ASSET MANAGEMENT

Europe proves expensive adventure for Kathmandu

Original article by Sue Mitchell
The Australian Financial Review – Page: 18 : 24-Sep-14

Kathmandu has posted a 2013-14 net profit of $NZ42.2m, which is 4.5 per cent lower than previously. Shareholders will receive a final dividend of $NZ0.09 per share. Meanwhile, Kathmandu will ramp up its marketing in the US and Europe in a bid to raise its profile and increase sales. The outdoor adventurewear group will launch an integrated marketing campaign in these markets, at a cost of $NZ5m ($A4.6m)

CORPORATES
KATHMANDU HOLDINGS LIMITED – ASX KMD, THE NORTH FACE INCORPORATED, COLUMBIA SPORTSWEAR COMPANY