KMD Brands, the retailing business behind high-profile outdoors brand Kathmandu and surfwear label Rip Curl, is struggling to win investor support for an emergency capital raising, leaving the company’s shares suspended days after it was expected to deliver its financial results.
Having traded at more than $2.30 before the pandemic, KMD shares have struggled in recent years and last closed at 16¢ on Wednesday, when they were halted less than an hour before a call was scheduled with investors.
