×
2 119
Fashion Jobs
TJX CANADA
Loss Prevention Customer Service Agent (Uniformed Guard), Scarborough
CDI · Toronto
ESTEE LAUDER
Associate Consultant - Clinique - Medicine Hat, ab
CDI · Medicine Hat
ESTEE LAUDER
Associate Consultant - Clinique - Calgary, ab
CDI · Calgary
LULULEMON
Assistant Manager, Operations | Regent Mall, Fredericton
CDI · Fredericton
LEVI'S
Levi's Sales And Merchandising Supervisor, Part-Time, Toronto Eaton Centre, Toronto, on-2
CDI · Toronto
ADIDAS
Senior Manager Accounting
CDI · Vaughan
ESTEE LAUDER
Associate Consultant - Clinique - Toronto, on
CDI · Toronto
LEVI'S
Levi's Sales And Merchandising Supervisor, Full-Time, Toronto Eaton Centre, Toronto, on-2
CDI · Toronto
WINNERS
Merchandise Sales Coordinator- Winners Homesense North Oakville 367
CDI · Oakville
NORDSTROM
Asset Protection - Agent - Deerfoot Meadows Rack
CDI · Calgary
NORDSTROM
Asset Protection - Agent - Yorkdale
CDI · Toronto
ADIDAS
Demand Planner
CDI · Vaughan
FOOT LOCKER
Assistant Operations Manager
CDI · Toronto
ESTEE LAUDER
Keyholder - The Cosmetics Company Store- 28 Hrs - Premium Outlet - Edmonton, ab
CDI · Edmonton
LULULEMON
Assistant Manager, Operations | Prairie Mall
CDI · Grande Prairie
LULULEMON
Assistant Manager, Operations | Spring Garden rd
CDI · Halifax Regional Municipality
TAPESTRY
General Manager
CDI · Toronto
TJX CANADA
Loss Prevention Store Investigator -Ottawa
CDI · Ottawa
TJX CANADA
Loss Prevention Systems Remote Investigator
CDI · Mississauga
MARC JACOB'S
Sales Supervisor
CDI · Toronto
MARC JACOB'S
Sales Supervisor
CDI · Toronto
ON RUNNING
Sales Representative
CDI · VANCOUVER
Ads
Published
Apr 7, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

PVH completes US Speedo sale, global owner Pentland now takes holistic view

Published
Apr 7, 2020

PVH’s sale of Speedo’s North American operations to UK-based Pentland is now complete, with the company having bought the unit from apparel giant PVH in a deal originally announced in January. 


Speedo



Pentland Group, which is the parent company of Speedo International Limited, had said it was paying $170 million in cash for the brand, subject to a working capital adjustment, and it seems there have been no changes to that agreement since then. 

PVH said the proceeds from the transaction will further bolster its core balance sheet strength and add to its liquidity position that stands now at over $1.3 billion in cash and available borrowings.

It added that the decision to reunite the Speedo business globally “allows for the brand’s stewardship by Pentland to be holistic and comprehensive”.

It means PVH can focus more time and attention on its star brands Calvin Klein and Tommy Hilfiger, while Pentland can take a more global view of Speedo. Pentland has particular strengths in sports and outdoor brands and also owns Berghaus, Canterbury, Ellesse and SeaVees. It acquired Speedo outside of North America in 1991.

Andy Long, CEO of the Pentland Brands division, said: “The completion of the Speedo North America acquisition, during these uncertain times, demonstrates our long-term commitment to the business and our passion for building a truly global brand. We’re looking forward to welcoming the team to the Pentland family and, while our current priority is the health and wellbeing of all our employees, this acquisition will allow us to offer our customers a stronger global brand proposition when demand resumes”.

Copyright © 2022 FashionNetwork.com All rights reserved.