New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

<ul><li>Recent negative trading in KMD Brand's (KMD) Kathmandu business has raised market concerns around the brand's health.</li><li>The key question for us was: how much of the recent challenges are cyclical, and what is more structural?</li><li>Our analysis found that cyclical challenges have been the primary driver of recent trading, however, misexecution on product, price, in-store experience and marketing/branding has exacerbated the problem. </li></ul>

Recent negative trading in KMD Brand's (KMD) Kathmandu business has raised market concerns around the brand's health.The key question for us was: how much of the recent challenges are cyclical, and what is more structural?Our analysis found that cyclical challenges have been the primary driver of recent trading, however, misexecution on product, price, in-store experience and marketing/branding has exacerbated the problem. 

Kathmandu Holdings

KMD Brands - Hitting the Trail