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...

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...

Business

Pentland Group posts 25 percent growth in annual revenue

Pentland Group Plc, for the year ended December 31, 2017 recorded total group revenue increase of 25 percent to 3.6 billion pounds (4.7 billion dollars), which the company said was driven by a record performance from JD Sports Fashion Plc. Group operating profit, before amortisation of intangibles and exceptional items increased 14 percent to...