It has been a year of growth for Britain’s Pentland Group, which benefited from a record performance from JD Sports Fashion to reach revenues of over £3 billion in 2017.
During the 12-month period to 31 December 2017, the company reorganised and streamlined its operations, created a joint-venture with the Lacoste Group and acquired the US footwear brand SeaVees.
The group has revealed revenues rose by 25% to £3.6 billion during the period, although this was driven by JD Sports, a brand where it has invested as majority shareholder.
Stephen Rubin, chairman, commented: “I am delighted that Pentland Group’s 85th set of annual results, once again, demonstrate our commitment to nurturing our brands and evolving our business to ensure that we continue to meet the changing needs of our retail customers, brand partners and consumers.
“We are very grateful to all our people for their passion and dedication to ensuring that we build our business, doing business the right way.”
