KMD Brands enters exclusive takeover talks with US retail giant Bluestar Alliance
The owner of Kathmandu, Rip Curl and Oboz could be acquired by the parent company of Dickies, Hurley and Off-White
KMD Brands, the ASX-listed company behind outdoor wear label Kathmandu, surfwear brand Rip Curl and footwear maker Oboz, has announced an exclusivity agreement with United States retail giant Bluestar Alliance over a possible full acquisition. In a statement to the ASX on Monday, the company said there was no certainty the process would result in a binding proposal or that a transaction would ultimately be consummated.