Former Billabong executives are pushing KMD Brands, the ASX-listed retailer behind Kathmandu, to carve up the business and sell them Rip Curl, the iconic surfwear label founded more than five decades ago.
The buyout proposal, which has been rejected by KMD, was made last year by a consortium led by Stokehouse, a vehicle run by former Billabong executive Paul Naude.
