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Pentland to Buy Speedo North America From PVH for $170M

The transaction, expected to close in the first quarter of PVH’s fiscal 2020 year, is subject to customary closing conditions, including regulatory approval. “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,” said Emanuel Chirico, chairman and CEO of PVH Corp. “I am pleased to see Pentland Group reunite with Speedo business globally, as they are the best positioned to capture the full potential of the iconic Speedo brand.”. Pentland Group, which also owns the Berghuas, Canterbury, Ellesse and SeaVees brands, acquired Speedo in 1991. Noted Long, “With the Tokyo games this year, now is the right time to bring Speedo North America back into our brand portfolio.

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