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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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...