![Briscoe profits surge 11pc](/pf/resources/images/placeholders/placeholder_l.png?d=792)
Briscoe profits surge 11pc
Profits are up at Briscoe Group - but Kathmandu shareholders solidly rejected its takeover offer.
Profits are up at Briscoe Group - but Kathmandu shareholders solidly rejected its takeover offer.
Kathmandu is sticking with its recommendation that shareholders reject the takeover offer from Briscoe Group.
Clothing retailer Kathmandu will cut up to 10 percent of its head office staff as it reviews its structure following disappointing financial results.
David Kirk and Rod Duke go head-to-head in the fight for the outdoor clothing retailer.
Briscoe Group boss Rod Duke is continuing to talk tough on his firm's plans to acquire Kathmandu, despite his offer being rejected by the retailer's board last week.
Todd is the chief operating officer and finance director of Kathmandu - which is the subject of a hostile takeover.
Briscoe Group managing director Rod Duke defends his failed Kathmandu takeover offer saying it "fully reflects the value".
Kathmandu today rejected a takeover offer from Briscoe's Rod Duke.
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.
Kathmandu's new boss, Xavier Simonet, is not letting a takeover offer distract him as he works to turn around the embattled adventurewear chain.
New Zealand shares fell as global uncertainty over China's financial markets and Greece's debt crisis spooked investors. Kathmandu Holdings, Warehouse Group and Restaurant Brands declined in a broad-based selloff.
If I was a Kathmandu shareholder I'd feel chuffed about the Briscoe bid, writes Bella Katz.
New Zealand shares fell yesterday in a region-wide sell-off as uncertainty over Greece's financial stability overshadowed equity markets.
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.
If successful the takeover would give Briscoe Group access to the Australian market, where Kathmandu already has 100 stores.
A newlywed British couple ran for their lives and clung desperately to ice axes rammed into the ground to survive a terrifying wall of snow on Everest after the Nepal earthquake.
New Zealand shares fell, led by Fonterra Shareholders' Fund, after the world's biggest dairy exporter lowered its guidance for dividends
Kathmandu Holdings' first-half result is being described by analysts as disappointing but expected, after the outdoor retailer posted a net loss of $1.8 million.
Waiheke's biggest landowner is challenging zoning classifications on parts of its holdings on the island's eastern tip in the Stony Batter Historic Reserve war fortifications vicinity.
Kathmandu's profit warning this week was a shocker, there's no doubt about it.
The New Zealand Superannuation Fund boosted its Kathmandu shareholding on Friday, lifting its stake by one percentage point to just over 6 per cent.
New Zealand shares rose yesterday, heading back towards a record high after a two-day slide.
Kathmandu lost more than a quarter of its market value yesterday after investors punished the outdoor retailer for poor Christmas and New Year trading that will result in a first-half loss.
Kathmandu's stock slumped 19 per cent to a two-and-a-half year low after the outdoor goods retailer said Christmas and January trading lagged behind expectations.