May 27, 2026 – 8.52amNew KMD Brands chairman Philip Bowman has begun a review of the retailer’s business, which includes Rip Curl and Kathmandu, telling investors the board is considering all options and could include a break-up of the company.Bowman was recently appointed chairman of the dual-listed business following an emergency capital raising in March, when it raised $NZ65.3 million ($91 million) at just NZ6¢ per share, which was underwritten by Goldman Sachs and Forsyth Barr.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Rip Curl owner flags potential break up after starting business review
KMD Brands, the owners of Rip Curl and Kathmandu, will appoint external financial and legal advisers to lead a business review in the coming weeks.











