After multiple delays, Kathmandu’s parent KMD Brands filed its half-year results, revealing details of a discounted capital raise and news that chairman David Kirk is stepping down.

The company, which owns outdoor brands Kathmandu, Rip Curl and Oboz, reported a net loss of $13.1 million, sparking concerns among investors. 

Milford Asset Management expert Jeremy Hutton explained further.

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After multiple delays, Kathmandu’s parent KMD Brands filed its half-year results, revealing details of a discounted capital raise and news that chairman David Kirk is stepping down.
The company, which owns outdoor brands Kathmandu, Rip Curl and Oboz, reported a net loss of $13.1 million, sparking concerns among investors.&nbsp;
Milford Asset Management expert Jeremy Hutton explained further.
LISTEN ABOVE

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Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

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Jeremy Hutton: Milford Asset Management expert on KMD Brands announcing an equity raise drive following multimillion-dollar loss

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/8306734a-02e9-4eaa-87aa-b41f00730ec2/transcript