{"id":131659,"date":"2026-05-27T17:49:31","date_gmt":"2026-05-27T07:49:31","guid":{"rendered":"https:\/\/timesnewsgroup.com.au\/geelongtimes\/news\/rip-curl-parent-company-begins-major-review\/"},"modified":"2026-05-27T17:49:31","modified_gmt":"2026-05-27T07:49:31","slug":"rip-curl-parent-company-begins-major-review","status":"publish","type":"post","link":"https:\/\/timesnewsgroup.com.au\/geelongtimes\/news\/rip-curl-parent-company-begins-major-review\/","title":{"rendered":"Rip Curl parent company begins major review"},"content":{"rendered":"

The parent company of Rip Curl<\/a> will carry out a sweeping review of all of the group’s businesses to “improve returns for shareholders”.<\/p>\n

KMD Brands announced today in a statement to the Australian (ASX) and New Zealand (NZX) stock exchanges its business review would examine the group\u2019s capital structure, portfolio configuration and other value-creation opportunities.<\/p>\n

“To assist KMD Brands in this process and to bring additional commercial rigour and independence to it, the board will appoint external financial and legal advisers to lead the process; those appointments will be finalised over the coming weeks,” KMD Brands stated.<\/p>\n

The review will assess “whether other opportunities may exist to accelerate the realisation of shareholder value”.<\/p>\n

The day-to-day operation of the group’s businesses \u2013 Torquay-headquartered Rip Curl<\/a>, Kathmandu and Oboz \u2013 will continue as usual, and customers, suppliers and staff have been advised not to expect any changes.<\/p>\n

\u201cOur commitment to creating long-term value for shareholders is the board\u2019s clear priority,” KMD Brands group chief executive and managing director Brent Scrimshaw said.<\/p>\n

“In parallel with our focus on improving KMD Brands\u2019 operating performance, this business review is an appropriate next step at this time.<\/p>\n

“The board is committed to assessing all credible options that have the potential to deliver superior value for shareholders.\u201d<\/p>\n

According to the statement to the ASX and NZX, Rip Curl’s total global direct to consumer sales have grown year on year due to favorable foreign exchange impacts “within a dynamic marketplace”.<\/p>\n

Sales momentum softened after the start of the Iran war, with higher fuel prices and rising interest rates further affecting global consumer sentiment.<\/p>\n

Today’s announcement follows KMD Brands in March formally rejecting an offer from rival surf brand owner Stokehouse Unlimited<\/a> to split off Rip Curl and then form a new entity by merging it with Stokehouse.<\/p>\n

\u201cThe concept proposed by Stokehouse creates no value for shareholders and is challenging from an execution standpoint,\u201d KMD chair David Kirk said at the time.<\/p>\n

In April, KMD Brands dismissed a suggestion Stokehouse could buy out Rip Curl completely.<\/p>\n

The board had not received such a proposal, KMD stated, and was \u201cnot minded to provide access to due diligence to Stokehouse given the price, terms and executability of any such transaction by Stokehouse remains uncertain\u201d.<\/p>\n

Brian Singer and Doug \u201cClaw\u201d Warbrick founded Rip Curl in Torquay in 1969.<\/p>\n

KMD, which also owns Kathmandu and Oboz, acquired Rip Curl from Singer and Warbrick in October 2019 for about A$350 million.<\/p>\n

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

The parent company of Rip Curl will carry out a sweeping review of all of the group’s businesses to “improve returns for shareholders”. KMD Brands announced today in a statement to the Australian (ASX) and New Zealand (NZX) stock exchanges its business review would examine the group\u2019s capital structure, portfolio configuration and other value-creation opportunities. […]<\/p>\n

Read More…<\/a><\/p>\n","protected":false},"author":142,"featured_media":129439,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7],"tags":[],"post_folder":[],"class_list":["post-131659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"\nRip Curl parent company begins major review - Geelong Times<\/title>\n<meta name=\"description\" content=\"Rip Curl owner KMD Brands has launched a wide-ranging business review to improve shareholder returns, examining structure and future opportunities.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timesnewsgroup.com.au\/geelongtimes\/news\/rip-curl-parent-company-begins-major-review\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rip Curl parent company begins major review - 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