PVH has agreed to sell the North American and Caribbean business, including the trademark rights which it held in perpetuity, for $170 million in cash, uniting the Speedo brand globally under a single owner just prior to the Tokyo Olympics when the brand gets by far its most important exposure. PVH said the sale will enable it to focus on its main global brands, Calvin Klein and Tommy Hilfiger. The Speedo brand has global sales of about $566 million, with an estimated $230 million of that from the PVH business. PVH doesn’t break out results of the brand specifically, but ... Log in to view full article.