Apparel giant PVH Corp is selling its Speedo North America business to UK-based Pentland Group, which is the parent company of Speedo International Limited. The British firm is paying $170 million in cash.
The Italian sportswear brand and the Danish label have teamed up again this autumn, 10 years after their first collaboration. The new collection consists of 30 items, and will be available from September 1.
JD Sports has received enough shareholder support for its takeover offer for smaller peer Footasylum and will compulsorily purchase the remaining shares with Footasylum becoming part of the larger group.
Timberland has named industry veteran Chris McGrath as its new vice president of global footwear design, where he will lead the brand’s footwear design strategy across men’s, women’s and kids’ as well as accessories.