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0.000840336134453813 0.000560224089635743 -0.00504201680672268 -0.003921568627451 0.0316526610644256 0.0556022408963585 0.0689075630252101 0.0837535014005603
Stock impact report

PVH Corp. Completes Sale of Speedo North America Business to Pentland Group

PVH Corp. (PVH) 
Last pvh corp. earnings: 4/1 04:15 pm Check Earnings Report
US:NYSE Investor Relations: pvh.com/investor-relations
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--PVH Corp. [NYSE:PVH], one of the world’s largest apparel companies, announced today it has completed the sale of its Speedo North America business to Pentland Group, parent company of the Speedo brand, for $170 million in cash, subject to a working capital adjustment. The proceeds from the transaction will further bolster PVH’s core balance sheet strength and add to its liquidity position that stands now at over $1.3 billion in cash and available borrowings.“The decision to reunite the Speedo business globally allows for the brand’s stewardship by Pentland to be holistic and comprehensive,” said Manny Chirico, Chairman and CEO, PVH Corp. “This transaction aligns with PVH’s goals of optimizing our Heritage Brands business in the ever-evolving retail environment and focusing on long-term growth of our global brands CALVIN KLEIN and TOMMY HILFIGER.”This sale was previously announced in January.Pentland Group, which also owns the Berghaus, Canterbury, Elless Show less Read more
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