Pentland Brands Wins 2017 IMD Global Family Business Award
14th November 2017
Awarded by IMD, a top-ranked global business school, this prize is regarded as the most prestigious for successful global family businesses. The award recognizes firms that are exemplary in uniting family interests with those of the business and in combining tradition and innovation while demonstrating clear corporate social responsibility.
“Pentland Group plc is an outstanding organisation that has for decades successfully blended an enduring venturing and entrepreneurial spirit with a strong commitment to sustainability, human rights and environment throughout its value chain” observed IMD President Jean-François Manzoni. “It is a flagbearer for family business excellence that operates according to the very best practices and offers inspiration to its peers. Pentland Group plc is a most worthy recipient of this year’s prize.”
Pentland Group plc, a second- and third-generation family enterprise, started in 1932 as a shoe distributor and manufacturer. It later diversified into other businesses, only to ultimately re-focus and become a “family of brands” in the sports and fashion industries. Pentland is the owner of brands such as Speedo, Berghaus, Canterbury, Boxfresh, Ellesse, KangaROOS and Mitre. The global brand management company is headquartered in London, UK. Owned by just six family members, it employs over 20,500 people worldwide and generates about £2.9 billion in sales.
IMD recognised Pentland Group plc for its commitment to sustainability, ethical trade, human rights, outstanding contributions to combating modern day slavery as well as its skill in regenerating itself through innovation and entrepreneurial venturing.
"Receiving this prestigious global award is the culmination of many decades of evolving as a family business and being supported by great teams and partners.” commented Andy Rubin, third generation family shareholder and chairman of Pentland Brands – the brand management division of the group. “To be recognised externally is a great validation of what we do. It helps us – as a private family business – to see that we benchmark with the very best. We are constantly learning and evolving and are passionate about our people, our brands, our customers and being good corporate citizens.”
For Pentland Group plc, the IMD Global Family Business Award is the first global recognition of its achievements. It had been recognised previously on a local and regional scale as the 2008 Best Family Business in the UK (based on business success, family governance and CSR) by the Institute for Family Business. In 2014, Pentland was awarded European Family Business of the Year by Campden and this year the UK Family Business of Excellence by the 2017 EY Entrepreneur of the Year Awards. Pentland Group has also won five Queen’s Awards for Enterprise - one of the most prestigious UK awards for business performance. In 2016, the Great Place to Work Institute named Pentland Brands as one Best Workplaces in the UK and in Europe.
This year, the IMD Global Family Business Award celebrates its 22nd anniversary and pays tribute to a long list of prestigious recipients. Previous winners include world-class companies such as LEGO, Ayala Corporation, S.C. Johnson, Hermès, Barilla, Yazaki Corporation, Merck, Firmenich, Bel Group, Bavaria and most recently Jebsen & Jessen Family Enterprise.
All these successful family businesses serve as a reminder that family business ownership model remains the most widespread in the world. As major sources of revenue, jobs and tax contributions, family businesses are key players in the economic system and serve as models for long-term growth, profitability, stability and survival through periods of crisis.
The award trophy is fashioned out of crystal and bears the shape of a tree – a symbol of family businesses. It was generously donated by the Scheufele family from Chopard and was crafted in Geneva.