PVH to Sell Speedo to Pentland Group for $170 Million

The apparel conglomerate is focusing on Calvin Klein and Tommy Hilfiger

Michael Phelps wearing Speedo apparel
Pentland was already the parent of Speedo International. Getty Images

Apparel conglomerate PVH agreed to sell the perpetual license it holds for the Speedo brand in North America and the Caribbean to Pentland Group for $170 million, according to an announcement today.

@RichCollings richard.collings@adweek.com Richard Collings is a retail reporter at Adweek.