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Kirkcaldie & Stains urges shareholders to reject Mercantile offer

  • News
  • April 28, 2016
  • Elly Strang
Kirkcaldie & Stains urges shareholders to reject Mercantile offer

Kirkcaldie & Stains’ board has asked shareholders to rebuff 78-year-old investment veteran Sir Ron Brierley’s increased bid for the remains of the former retailer. It says Brierley’s offer is too low to recommend to shareholders and a liquidation would be more rewarding.

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Briscoe posts profit but can’t woo Kathmandu shareholders

  • News
  • September 14, 2015
  • Elly Strang
Briscoe posts profit but can’t woo Kathmandu shareholders
Rod Duke and Tammy Wells, aka the "Briscoe's lady"

Briscoe Group has announced its first-half profit increased 11 percent, but despite its success, Kathmandu shareholders aren’t biting. The retailer has revealed that it has gained just 2.3 percent of the 80.1 percent of Kathmandu shares it doesn’t own in its takeover attempt.

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Briscoe Group takeover tussle continues as Kathmandu COO resigns

  • Who's Where
  • August 10, 2015
  • Elly Strang
Briscoe Group takeover tussle continues as Kathmandu COO resigns

The saga of Briscoe Group and Kathmandu’s takeover battle continues as Mark Todd resigns from his role as Kathmandu’s chief operating officer. He has been with the company for 17 years and was acting chief executive through most of the 2015 financial year.

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David Jones takeover of Kirkcaldie & Stains finalised

  • News
  • July 31, 2015
  • Elly Strang
David Jones takeover of Kirkcaldie & Stains finalised

Kirkcaldie’s shareholders have voted overwhelmingly to sell the historical brand and lease the store to Australian retailer David Jones. Chairman Falcon Clouston says the sale is proof of how tough retailing has become, particularly with a single, large format store like Kirkcaldie & Stains.

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Briscoe Group moves to buy rest of Kathmandu

  • News
  • July 2, 2015
  • Elly Strang
Briscoe Group moves to buy rest of Kathmandu

Briscoe Group has announced a takeover offer for the remaining 80.1 percent Kathmandu shares it doesn’t already own. It is offering 89.7 million of its own shares and $32.3 million cash. This would make the group a formidable retail presence in both New Zealand and Australia.

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