Rip Curl Goes to Kathmandu For $350 Million

by The Editors on September 30, 2019

Rip Curl, today (September 30, 2019) announced that they have sold the company to New Zealand camping gear company Kathmandu for a whopping $350 million Australian dollars, according to a story in the Daily Mail.

Kathmandu, headquartered in Christchurch, is buying 100 per cent of Rip Curl for $350million, it told the Australian Securities Exchange on Tuesday morning. . . The acquisition will create a $1billion outdoor recreation company.

Kathmandu? If I ever get out of here, that’s what I’m gonna do. Oh, sorry. Ah, we’re right happy for the Warbricks and Singers, but it is sad to see the last independent surf fashion rat launch a massive swan dive off the sinking surf industry ship. We are, however, looking forward to Rip Curl canteens and camp chairs for lounging on the slopes of Mt. Cook. For the rest of the story, please click the link.

[Link: Daily Mail]

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