Rip Curl owner KMD Brands said its annual losses deepened in the past year as it struggles to turn around underperforming brands amid a tough operating environment.
KMD, which also owns hiking and outdoor wear brand Kathmandu and US hiking boot maker Oboz, posted an underlying net loss of $NZ28.3 million ($25.1 million) for the year ended July 31, 2025, compared to a loss of $NZ1.1 million in the prior year as aggressive discounting ate into its margins.
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