Is Kathmandu up for sale?

New Zealand retailer Briscoe Group (NZX:BGR) has announced their intention of acquiring travel and adventure retailer Kathmandu Holdings (ASX:KMD). Briscoe Group owns the Briscoe’s Homewares and Living and Giving brands as well as the New Zealand chain of Rebel Sport stores.Until the takeover terms have been announced it is unclear what price will be offered to Kathmandu shareholders. It has been reported that the deal will include both cash and Briscoe’s shares.Kathmandu has found trading conditions very tough in 2015. The company announced a loss in its half yearly report as management embarked on widespread discounting to clear excess inventory....

New Zealand retailer Briscoe Group (NZX:BGR) has announced their intention of acquiring travel and adventure retailer Kathmandu Holdings (ASX:KMD). Briscoe Group owns the Briscoe’s Homewares and Living and Giving brands as well as the New Zealand chain of Rebel Sport stores.

Until the takeover terms have been announced it is unclear what price will be offered to Kathmandu shareholders. It has been reported that the deal will include both cash and Briscoe’s shares.

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