Pentland Group news and archive

Andy Rubin steps down from JD Sports board, successor announced

JD Sports has announced that Andy Rubin has stepped down from its board as a non-executive director. “I would like to thank Andy Rubin for his valuable contribution to the board over the last five years at JD, which has been a period of substantial growth of the group in geographic reach, turnover and profitability,” said JD Sports executive...

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Report

Speedo North America announces return of Jim Gerson as president

Pentland Group has announced that Jim Gerson will be returning as president of Speedo North America on June 1. He will report to Andy Long, CEO of Pentland Group’s Pentland Brands division, and will be responsible for growing the brand and preparing the Speedo North America team for the Tokyo Olympics and Paralympics in 2021. “We’re thrilled...

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Business

PVH Corp. sells Speedo North America business to Pentland Group

PVH has sold the North American operations of the Speedo brand back to the label's parent company, Petland Group, for 170 million dollars in cash. Petland will now operate Speedo businesses worldwide. This sale was originally announced in January and completed this week. PVH will use the proceeds of the transaction to bolster its core balance...

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Business

PVH to sell Speedo North America to Pentland Group

PVH Corp has announced it will be selling its Speedo North America business to Pentland Group, the parent company of Speedo International, for 170 million US dollars. As part of the transaction, the Speedo brand will be licensed in perpetuity to PVH Corp in North America and the Caribbean. The deal is expected to close in the first quarter of...

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Management

Pentland Group posts 25 percent growth in annual revenue

Pentland Group Plc, for the year ended December 31, 2017 recorded total group revenue increase of 25 percent to 3.6 billion pounds (4.7 billion dollars), which the company said was driven by a record performance from JD Sports Fashion Plc. Group operating profit, before amortisation of intangibles and exceptional items increased 14 percent to...

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Business

Owner of Hunter enjoys 5 percent revenue jump

The Pentland Brands division — which owns footwear brands such as Ted Baker, Kangaroos, the Hunter Boots, and Lacoste Chaussures — noted a 5 percent jump in revenue, up to 618 million pounds. “Ted Baker footwear had another record sales year, delivering double-digit growth with strong performance in the UK and USA. Lacoste Chaussures enjoyed...

People

Pentland Group names new Chairman and CEO

Pentland Group, the global brand management and retail group has promoted Andy Rubin to the newly created role of Chairman of its brand management division. Andy Long, the current Chief Operating Officer of the Group, stands to succeed Rubin as Chief Executive Officer. Both Rubin and Long will assume their new roles with effect from January 1,...