Deal flow continues amid the coronavirus pandemic with Speedo North America’s sale to Pentland Group now closed.
The Cypress-based performance swimwear brand traded hands for $170 million from New York apparel conglomerate PVH Corp. (NYSE: PVH), owner of brands such as Calvin Klein and Tommy Hilfiger, to Pentland Group.
The sale was announced in January.
Pentland is already the parent of Speedo International Ltd. and had been licensing the name to PVH. The deal now consolidates the Speedo business under a single house.
