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Outdoor Upstart Kathmandu Bets on Surfwear in $234 Million Acquisition

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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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