By  on October 1, 2019

SYDNEY — New Zealand outdoor retailer Kathmandu Holdings is due to acquire Australian surf brand Rip Curl for 350 million Australian dollars.

In a statement to the Australian and New Zealand securities exchanges on Tuesday, the Christchurch, New Zealand-based company announced it had entered into a binding agreement to acquire 100 percent of the shares of Rip Curl Group Pty Ltd.

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