Allan Gray Ups Stake in KMD Brands

KMD Brands Limited (AU:KMD) has released an update.

Allan Gray Australia has increased its substantial holding in KMD Brands Ltd by 1.616%, now owning 17.773% of the company’s ordinary shares. This significant move, reported on October 10, 2024, reflects a change in stake involving over 11 million shares since the last disclosure in June. As the investment manager for various funds and mandates, Allan Gray Group’s latest transaction underscores a growing interest in the retail brand conglomerate.

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