“This strategic announcement aligns with PVH’s goal to optimize 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,” says Emanuel Chirico, chairman and chief executive officer, PVH. “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 Speedo brand.”
The Pentland Group acquired Speedo in 1991, and with the new transaction, it will reunite with the Speedo business globally. The acquisition by Pentland Group comes ahead of the 2020 Tokyo Olympics and Paralympics and the participation of many Speedo athletes.
“We’ve had a great partnership with PVH
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