PVH to Sell Speedo to Pentland Group for $170 Million

Apparel conglomerate PVH agreed to sell the perpetual license it holds for the Speedo brand in North America and the Caribbean to Pentland Group for $170 million, according to an announcement today. Pentland was already the parent of Speedo International, which it acquired in 1991, and owns the swimwear brand’s intellectual property. PVH, as the…

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