×
2 184
Fashion Jobs
LULULEMON
Assistant Manager, Operations | Kingston
CDI · Kingston
MICHAEL KORS
ft Sales Supervisor
CDI · Newmarket
CENTRIC BRANDS
Chargé de Comptes / Account Executive
CDI · Montreal
LEVI'S
Levi's Store, pt Sales & Merchandising Supervisor, Rideau Centre, Ottawa, on
CDI · Ottawa
SALLY BEAUTY HOLDINGS LLC
Outside Sales Representative - Cosmoprof
CDI · Kingston
MICHAEL KORS
Sales Supervisor
CDI · Pointe-Claire
SALLY BEAUTY HOLDINGS LLC
Outside Sales Representative - Cosmoprof
CDI · Oshawa
ESTEE LAUDER
Associate Consultant - Clinique - Lethbridge , ab
CDI · Lethbridge
ESTEE LAUDER
Director, E-Commerce (Multi-Brand) - Hybrid - Toronto, Canada
CDI · Toronto
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
ESTEE LAUDER
Keyholder - The Cosmetics Company Store- 28 Hrs - Premium Outlet - Edmonton, ab
CDI · Edmonton
Published
Jan 9, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Speedo owner Pentland to buy brand's North American ops from PVH

Published
Jan 9, 2020

Apparel giant PVH Corp is selling its Speedo North America business to UK-based Pentland Group, which is the parent company of Speedo International Limited. The British firm is paying $170 million in cash for the brand, subject to a working capital adjustment.


Speedo



The transaction should close in Q1 of PVH’s fiscal 2020 year and is subject to customary closing conditions, including regulatory approval.

Speedo International currently licenses the Speedo trademark to a PVH subsidiary for perpetual use in North America and the Caribbean. But the sale comes as PVH doubles down on its focus on its star high-end labels with its chairman CEO Emanuel Chirico saying: “This strategic announcement aligns with PVH’s goal to optimise and streamline its Heritage Brands business in the ever-evolving retail environment and focus on delivering sustainable profitable growth of its global brands, Calvin Klein and Tommy Hilfiger. I am pleased to see Pentland Group reunite the Speedo business globally, as they are best positioned to capture the full potential of the iconic brand.”

Pentland also owns the Berghaus, Canterbury, Ellesse and SeaVees brands, and has owned Speed since 1991, continuing to drive its development in the ensuing decades.

The CEO of Pentland’s Brands division, Andy Long, said on Thursday that “we’ve had a great partnership with PVH and they’ve done an incredible job in raising the profile of the Speedo brand and growing the business in North America during their time as licensee.”

The buyout comes at a key time for the sports swimwear label with the Tokyo Olympics and Paralympics happening this year and a large number of Speedo-sponsored swimmers taking part.

Long added: “With the Tokyo Games this year, now is the right time to bring Speedo North America back into our brand portfolio. Pentland has a strong track record of investing in people and international brands and we’re looking forward to welcoming the Speedo North America team into the Pentland family.”

Copyright © 2022 FashionNetwork.com All rights reserved.