All Rip Curl articles – Page 2
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News briefs
Brooke Farris becomes Rip Curl’s CEO
Kathmandu Holdings has announced that Brooke Farris will assume the position of CEO of Rip Curl, effective Aug. 16, 2021. The appointment follows the previously announced promotion of Michael Daly, who has headed up Rip Curl for 19 years, to CEO and managing director of the whole group. In her ...
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News briefs
Kathmandu group issues a profit warning
The new Covid-related retail lockdowns in Australia have negatively affected the profitability of Kathmandu Holdings, whose assets include Rip Curl. Its guidance for the financial year ending July 31 has been reduced to underlying Ebitda of 120 million New Zealand dollars (€71.3m-$84.1m) on revenues of NZ$ 930 million (€552m-$651m), which ...
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News briefs
Rip Curl CEO steps up to lead Kathmandu Group
Kathmandu Holdings has appointed the CEO of the Rip Curl brand, Michael Daly, to head the whole group, which includes the Kathmandu, Rip Curl and Oboz brands. Daly replaces the former CEO and managing director, Xavier Simonet, who left the company on April 9 to take the helm at the ...
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Article
Rip Curl remains an engine of growth for Kathmandu
Rip Curl continues to support the performance of Kathmandu Holdings. Acquired in October 2019, it allowed the Australian group to improve its revenues for the six months ended on Jan. 31, 2021, as it did before. The group’s total revenues progressed by 12.9 percent from the year-ago period to 410.7 ...
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News briefs
Rip Curl to sponsor the World Surf League
Rip Curl will be sponsoring the World Surf League (WSL) Finals for the next three years. The single-day, winner-take-all tournament – taking place at Lower Trestles, in San Clemente, California – pits against one another the top five surfers from the Championship Tour (CT) rankings, in male and female divisions. ...
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Article
Rip Curl continues to support Kathmandu’s performance
The acquisition of Rip Curl in October 2019 was a good move for Kathmandu Holdings. In a preliminary trading update, the Australian group said that its revenues for the six months ended on Jan. 31, 2021, progressed by 12 percent from the year-ago period, as Rip Curl’s strong performance offset ...
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News briefs
Rip Curl extends sponsorship of Gabriel Medina
Rip Curl has extended by another five years its sponsorship of Gabriel Medina, the two-time surfing world champion. Their arrangement has lasted 12 years so far. This year’s World Surfing Tour has been cancelled over Covid-19, but the Billabong Pipe Masters competition remains scheduled for Dec. 8. Medina will also ...
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News briefs
Kathmandu’s revenues keep surging thanks to Rip Curl
After registering record sales for its financial year ended on July 31, boosted by the acquisition of Rip Curl in October 2019, Kathmandu Holdings kept the momentum going during the start of its new financial year. In a trading update, the company said that its revenues for the first fiscal ...
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Article
Kathmandu benefits from Rip Curl and online sales
It was the acquisition of Rip Curl that helped Kathmandu Holdings to raise its total sales by 48.7 percent to 801.5 million New Zealand dollars in the “transformational” financial year ended on July 30, with the action sports brand contributing sales of NZ$ 315.7 million (€178.2m-$210.6m) in the first nine ...
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Article
Rip Curl saves Kathmandu saleswise, recovers strongly
Kathmandu Holdings scored record sales for its financial year ended on July 31 2020, boosted by the acquisition of Rip Curl during the period. The group’s revenues soared by 48.7 percent to 801.5 million New Zealand dollars (€451.6m-$526.8m), with Rip Curl accounting for 40 percent of the total turnover, but ...
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Article
Online sales support Kathmandu and Rip Curl
Kathmandu Holdings told investors that it expects a 30 percent drop in adjusted Ebitda for the current financial year, in spite of strong online sales during the recent corona-related retail lockdowns in Australia and double-digit sales increases overall after its stores reopened. While it is still more than half way ...
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Article
Kathmandu’s sales jump by 52% on Rip Curl’s acquisition
Kathmandu Holdings had record sales and profit for the first half of its financial year, ended on Jan. 31 2020, boosted by the acquisition of Rip Curl during the period. Revenues were also driven by a good performance by its New Zealand business and robust sales at Oboz, the American ...
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