Kathmandu Holdings Limited from New Zealand announced on March 2 that it will change its name to KMD Brands Limited. The new name will take effect on March 16, 2022. The NZX and ASX ticker will remain KMD. An announcement on the launch of KMD Brands, its purpose and vision, will be made on March 16, the company said. The news comes shortly after the company announced that it is looking to strengthen its Kathmandu brand in Europe. The group also owns U.S. footwear brand Oboz and Australian surf brand Rip Curl. Since the holding company and brand share the same name, the parent company’s renaming is certainly useful for future expansion.

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