Speedo news and archive

Pentland Brands to “hibernate” its Boxfresh brand

Pentland Brands, which owns Speedo and Berghaus, has concluded its global strategic review, which it started before the Covid-19 pandemic, and has announced a number of changes, including plans to “hibernate” its Boxfresh brand and make around 350 redundancies at its UK-based head office to allow it to focus on its core brands. The aim of the...

Member

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...

Member

Business

PVH Corp adjusts earnings outlook after Speedo sale

PVH Corp. has updated its fourth quarter and full year 2019 earnings outlook in connection with sale of its Speedo North America business to Pentland Group PLC for 170 million dollars in cash. The company currently projects loss per share on a GAAP basis for the fourth quarter 2019 will be approximately 20 cents and earnings per share on a GAAP...