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Retail & Consumer

Billionaire family behind sportswear empire Pentland to cut almost 100 jobs

The job losses are expected to be made by the end of September

Pentland's brands include Speedo, Ellesse and Berghaus(Image: Pentland Brands)

The billionaire family that owns a majority stake in JD Sports has announced plans to cut almost 100 jobs at its retail empire.

The Rubin family hired consultants from McKinsey to advise on a new strategy for Pentland Brands, which owns the likes of Speedo, Ellesse and Berghaus.

A total of 90 jobs are expected to be lost in a move which the group said will "simplify the way its business is organised".

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In a statement, the company said it plans to focus more resources on product, digital, consumer data and analytics.

Pentland Brands is also to open a new office in London which the business said would not impact its sites in Nottingham and Sunderland.

Chief executive Chirag Patel said: "We're a growing business with 2023 revenue and profit expected to exceed pre-pandemic highs.

"Our plans will accelerate this growth and position us at the forefront of digital innovation and consumer engagement, at a moment in time when our brands are more important than ever in helping people to live more active and healthy lives.