The New Zealand-based Kathmandu group, the surfing brand’s owner since the end of 2019, has published the data for its latest financial year. Rip Curl’s sales have slumped, though they recorded a post-lockdown rebound.
Kathmandu, which has completed its acquisition of Rip Curl for A$350 million, intends to leverage the surf brand to help diversify its product and expand its geographic footprint to Europe and North America.
As Billabong Europe’s staff is completing the move to Boardriders's European offices in Saint-Jean-de-Luz, France, Dave Tanner, CEO of the board sports group, talked to FashionNetwork.com about the group’s future plans.
Kathmandu Holdings on Tuesday said it will buy Australia-based surfing gear maker Rip Curl Group for A$350 million to diversify product offerings and expand geographic footprint to Europe and North America.