KMD Brands engages Goldman Sachs amid refinancing talks

KMD Brands (ASX:KMD) has addressed recent media speculation regarding its financial position, confirming the engagement of Goldman Sachs to advise on its treasury and capital management strategy.

The outdoor retailer, which owns brands such as Kathmandu and Rip Curl, clarified that the move is part of an ongoing review of funding options and follows a previous market update on Feb. 2 regarding discussions with lenders to refinance long-term debt facilities.

While the group continues to explore its strategic options, the board emphasised that no formal decision has been made to undertake a recapitalisation, nor have any specific refinancing terms been finalised.