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Pumpkin Patch gains after Kathmandu's Cameron lifts stake

Monday 7th July 2008

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Shares of Pumpkin Patch, the children's clothing chain that has grown to 227 stores, rose after Kathmandu outdoor clothing chain founder Jan Cameron lifted her stake.

Cameron, who sold Kathmandu in 2006 for about $275 million in 2006, spent about NZ$16.9 million buying stock of Pumpkin Patch the past six months, increasing her holding to 6.3%. She paid an average of about NZ$1.60 a share, based on the filing.

The stock rose 2.7% to NZ$1.52 today after sinking to as little as a four-year low NZ$1.37 on July 4.

Pumpkin Patch has also attracted the attention of Rod Duke, managing director of retailer Briscoe Group. Duke lifted his holding to 9.4% via his family's Kein Geld Trust.

Cameron has also increased her stake in Postie Plus, reaching 15.1% according to a June 24 statement.

By Jonathan Underhill

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