Pentland Group
| Pentland Group | |
|---|---|
| legal form | Corporation |
| founding | 1932 / 1964 |
| Seat | Edinburgh |
| Number of employees | approx. 2,000 |
| Website | http://www.pentland.com |
The Pentland Brands plc is in the shoe - and Be clothing -sector active British holding company based in Edinburgh , on the 1932 in Liverpool based shoe manufacturer Liverpool Shoe Company back in 1964 in London went and the stock exchange as a private in 1999 family out becomes.
The company now includes the shoe, sports and clothing brands Berghaus , Boxfresh , Brasher , Ellesse , KangaROOS , Miter , One True Saxon and Speedo . Pentland also sells Lacoste shoes and Ted Baker shoes under license worldwide, as well as Kickers shoes in the UK and Ireland . In the 2010 financial year, the group generated revenues of around EUR 1.46 billion. The operating profit rose by 38.5% to EUR 124 million compared to 2009. In 2011 Pentland Brands plc had nearly 2,000 employees; In addition, there were around 14,000 employees at the subsidiary JD Sports Fashion , in which the company holds a 57% stake. The chairman of the board of directors is Robert Stephen Rubin (* 1938), majority shareholder and son of the company founder. The managing director has been his son Andrew Keith Rubin (* 1965) since 1997.
history
The company was founded in 1932 by Berko Rubin (* 1913 as Berko Wrobel) from Poland and his wife Minnie under the name Liverpool Shoe Company as a pure shoe company. The products were retailed in the UK . In 1946 the company bought a production facility and in the following years several other shoe manufacturers. In 1964 the Edinburgh- based company went public on the London Stock Exchange . In the early 1960s, a branch was established in Hong Kong to promote production in the Asian region. In 1969 Berko Rubin's son, Stephen Rubin, took over the management after the death of his father. Rubin expanded the portfolio and, among other things, acquired the ship broker Pentland Maritime Shipbrokers Ltd. in 1971 . In 1973 Stephen Rubin named the company his father founded Pentland Industries Ltd. around. In 1974 Rubin acquired a 51% stake in beer and wine maker Unican for just £ 51 , which in 1978 was sold to Robertson Foods for £ 1 million . In 1979, the foray into the sports sector began with the licensing of the sports brand Pony . For 1979 sales of £ 25 million with a net profit of £ 1 million were reported.
Since the 1980s, Pentland has acquired numerous other shoe and fashion manufacturers. In 1981 the then up-and-coming but financially weak sports shoe company Reebok USA became a subsidiary of the group with 55% of the shares. Pentland now sold the brands Kickers (British shoe brand) and Ellesse (Italian sports brand) on the British market. In 1984 Reebok International was taken over to 55%. 1985 Reebok was finally on the NYSE listed . Pentland has been operating under the name Pentland Group plc since 1989 . In 1990 80% of Speedo (Europe) Ltd. acquired as well as Speedo International and Speedo Australia . At the same time, the company acquired the insolvent American sports shoe brand KangaROOS . In 1991, Pentland acquired a 20% stake in adidas from Bernard Tapie . After Pentland withdrew its takeover bid for the remaining adidas shares in mid-1992, the 20% was sold back to Tapie at the end of 1992 - thanks in part to favorable exchange rate developments - for a total profit of around £ 47 million. At the end of 1991 the last shares in Reebok were also sold; the total gain from the Reebok transaction was around $ 770 million. In 1993 the Pentland Group became a worldwide license partner of Lacoste shoes and took over 100% of the Berghaus brand (British outdoor specialist), 75% of Brasher Boot (British outdoor specialist) and 90% of Ellesse International . In 1995, Ellesse International and Miter Sports International (British football outfitter) were completely taken over into the group of companies. In 1996, Pentland bought 75% of the shares in Red or Dead (British fashion brand). In 1999 this percentage was increased so that the group had a 95% interest in Red or Dead . In 1997 the company named Andrew Rubin, son of R. Stephen Rubin, as CEO .
In 1999 Pentland was privatized and went off the stock exchange . Since 2001 the company has been developing and marketing the shoe division of Ted Baker (British fashion brand). Also in 2001, the group purchased the remaining 25% at the Brasher Boot Company Ltd . In 2002 the new corporate headquarters were opened in Finchley, London . In 2004, Pentland became a license partner for Airwalk (American skater shoe brand) in Great Britain and Ireland. In the same year the remaining 5% in Red or Dead was bought. In 2005 the company acquired Boxfresh (British streetwear brand); this was also the birth of the Clerk & Teller brand (British fashion brand, now discontinued). Likewise, 57% of the shares of JD Sports Fashion plc and with it the British retail chains JD Sports , Size , Bank and Scotts were acquired for 45 million pounds . In 2006, the One Group acquired True Saxon (British men's fashion brand) as well as 50% of the shares in Medium Design Group LLC (shoe fashion developer) and a stake in Hunter Boot Ltd. ( Wellington boots and fashion). In 2008 Pentland bought into the British streetwear brand Gio-Goi .
From the Rubin family, Stephen Rubin's wife Angela, his son Andrew, his two daughters Carolyn Kubetz and Alison Mosheim and a son-in-law sit on the Board of Directors of Pentland Brands plc . Since 1999, the Rubin family's majority stake in Pentland has been controlled by the investment firm Robert Stephen Holdings plc . 2009 in the Netherlands , the Pentland Holding BV established.
Web links
Individual evidence
- ↑ Best to keep it in the family ( Memento of the original from August 3, 2014 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. , ft.com, April 21, 2008
- ↑ Unican finds a new Home , Glasgow Herald via news.google.com, December 6, 1978
- ^ Founded on credit , spiegel.de, August 19, 1991
- ^ Pentland sells Adidas holding back to Tapie , independent.co.uk, December 1, 1992
- ↑ adidas: Consolation for the British , spiegel.de, October 19, 1992
- ^ The business of his life , spiegel.de, July 13, 1992
- ↑ Concern as sportswear boss gives son top job , independent.co.uk, September 4, 1997
