The sale price is not disclosed but is ‘insufficient’ to allow a distribution to preferential and unsecured creditors.
Kathmandu to buy Rip Curl Group for $368 million.
Construction of the $US300m connection will begin soon.
Sale proceeds will go to staff and unsecured creditors.
Payout well above loss-making dairy competitor Fonterra.
Three new directors in 12 months.
‘Concerning’ business confidence levels could see GDP growth sink below 1%.
Partial acquisition part of its ‘seed to sale’ plan.
Final decision two months away.
The deal will make the listed outdoor adventure clothing retailer a billion-dollar revenue company.