All KMD Brands articles – Page 2
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News briefsKMD Brand’s Kathmandu appoints new CEO
KMD Brands has apointed Megan Welch, most recently SVP/GM for Crocs’ Asia/Pacific business based in Singapore, as the new CEO for its Kathmandu business unit starting on Aug. 7. She takes over and will report to Michael Daly, KMD’s group CEO and managing director, who added the Kathmandu responsibilities on ...
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ArticleKMD Brands H1 sales grow as pandemic effects subside
KMD Brands, the down-under parent of Rip Curl, Kathmandu, and Oboz, reported Ebit of NZ$31.4 million (€18.6m) for H1 ended Jan. 31. Total revenues rose by 34.5 percent to NZ$547.9 million (€323.8m) as gross margin came in flat at 58.7 percent. Ebitda was NZ$90.8 million (€53.7m) versus NZ$45.3 million. The ...
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News briefsKMD Brands secures B Corp status for Rip Curl, Kathmandu, Oboz
KMD Brands, the outdoor, lifestyle and sports company, sees all three of its brands – Kathmandu, Oboz and Rip Curl – become Certified B Corporations, becoming one of the first multinational firms in Australia and New Zealand to have all businesses individually certified. KMD Brands Group CEO Michael Daly ...
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News briefsKMD Brands reports strong Q1 performance
KMD Brands, the former Kathmandu Holdings Ltd., achieved positive year-over-year sales growth for all brands in Q1 of its FY23 that ended on Nov. 6. Additionally, the group realized a NZ$30 million (€17.7m) year-over-year improvement in its operating profit for the period and said its gross margin is “holding up ...
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ArticleKMD Brands sees sales momentum resuming
After a challenging first half impacted by the effects of the Covid-19 pandemic, KMD Brands experienced rebounding sales in the final two quarters.
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News briefs
Kathmandu brand CEO Reuben Casey resigns
Reuben Casey, who over the last 12-plus years has served the company in a variety of senior executive roles, among them CFO and COO, is resigning from New Zealand’s KMD Brands Ltd. Michael Casey will be serving as interim Kathmandu CEO while the group considers options for Reuben Casey’s replacement. ...
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News briefsKMD Brands updates annual guidance
KMD Brands, formerly Kathmandu Holdings, is now forecasting total annual sales of NZ$955 to NZ$965 million (€580.7m to €586.8m) for the 12 months ending July 31 after a record performance during a winter promotional period for its Kathmandu retail operation. FY22 Ebitda, excluding one-off, non-cash items, including government subsidies, is ...
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ArticleKMD Brands will look to regain growth footing in second half of the year
KMD Brands, which rebranded itself from Kathmandu Holdings Ltd. earlier this month, reported an Ebit loss of NZ$5.5 million (€6.1m) for the six months ended Jan. 31. Total revenues declined by less than 1 percent to NZ$407.3 (€245.2m) as the gross profit margin slid to 57.7 percent from 59.0 percent ...
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News briefsKathmandu Holdings to change name to KMD Brands
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, ...
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