
Briscoe profits up, as Kathmandu takeover looms
Briscoes says first-half profit rose at least 8.1 per cent, outpacing sales growth in the period, as the company continued to fatten its margins.
Briscoes says first-half profit rose at least 8.1 per cent, outpacing sales growth in the period, as the company continued to fatten its margins.
Briscoe Group's takeover push for outdoor equipment and clothing retailer Kathmandu is gaining momentum.
Kathmandu's new chief executive, French born Xavier Simonet, is already eyeing up global growth for the outdoor clothing and equipment retailer despite its current market struggles.
Kathmandu's new boss, Xavier Simonet, is not letting a takeover offer distract him as he works to turn around the embattled adventurewear chain.
If I was a Kathmandu shareholder I'd feel chuffed about the Briscoe bid, writes Bella Katz.
He's the great salesman, but can Briscoe Group's Rod Duke sell his bid to buy Kathmandu? Holly Ryan reports.
The dual-listed outdoor apparel retailer has hired Goldman Sachs as its adviser and there will almost certainly be push-back on the pricing of the deal.
Briscoe Group launched its full takeover of Kathmandu, offering 89.7 million of its own shares and $32.3 million cash for the 80.1 percent of the outdoor equipment and clothing chain it doesn't already own.
A leading retailer has welcomed moves towards charging GST on online purchases from overseas.
Briscoe Group, which operates the Briscoes, Rebel Sports, and Living & Giving stores, may introduce a customer loyalty programme to stoke growth in online sales.
While retail has been struggling, Briscoe Group has been bucking the trend, with the group expected to "easily exceed" its 2013 annual profit of....
Two annual meetings on Thursday highlighted the contrasting fortunes of Briscoe and Refining NZ.
Briscoe Group may use its expanding cash pile to invest in or acquire online retail businesses, managing director Rod Duke says.
Briscoe Group says annual profit climbed at least 9 per cent after a good Christmas sales period.
In an exclusive interview, the book and stationery chain's new owners tell Karyn Scherer about their plans for one of the best-known names in NZ retailing.
Retailers are struggling to keep up with demand for portable fans as customers seek relief from uncomfortably warm temperatures.