Kathmandu completes bookbuild to buy US footwear company
Analyst weighs in on whether the acquisition is a savvy one, and Briscoe Group invests.
Calida Smylie Wed, 21 Mar 2018
Kathmandu Holdings has raised $40 million through a share placement, the first step in raising the funds it needs to acquire a US footwear company to diversify its business.
The Christchurch-based outdoor equipment retailer raised the capital through an institutional share placement yesterday,