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Outdoor Upstart Kathmandu Bets on Surfwear in $234 Million Acquisition

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

New Zealand outdoor retailer Kathmandu has acquired Australian surfwear brand Rip Curl in a $350 million Australian dollars ($234 million) deal designed to bolster the former’s seasonality profile as it expands its global reach. On a quest to be the “Ultimate Surfing Company,” Rip Curl was founded in 1969 by surfers Brian Singer and Douglas…

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