Kathmandu completed its acquisition of Rip Curl for $236m.

Kathmandu, a retailer of travel and adventure outdoor apparel and equipment, completed its acquisition of Rip Curl, a retailer of surfing equipment and apparel, for $236m. “This is a fantastic opportunity for Kathmandu to grow and diversify. The acquisition of Rip Curl transforms Kathmandu into a NZ$1bn outdoor and action sports company, anchored by two iconic global Australasian brands. The combination of Kathmandu, Oboz and Rip Curl achieves diversification in product, channel, geography and seasonality, and creates a platform for the acceleration of our brands’ global expansion into new channels and markets. Importantly, there is also strong cultural alignment between our brands, underpinned by a shared focus on quality, innovation and sustainability,” Xavier Simonet, Kathmandu CEO.