PVH to Sell Speedo to Pentland Group for $170 Million
The apparel conglomerate is focusing on Calvin Klein and Tommy Hilfiger

Pentland was already the parent of Speedo International.
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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.