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Blog

1984 – The Pentland Group Investment & Peter Hendricks Exit

Posted by piranha | 21st September 2018
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Pentland Group started life as an independent shoe store based in Liverpool in 1932. Today, they are a £3.2bn turnover investment company, responsible for brands such as Speedo, Berghaus & Mitre.

Pentland chose to invest in Acme at the same time as making other investments in brands throughout the world, including Reebok, Ellesse & Kickers. We form part of a much larger investment arm, Pentland Ventures, which invests in high potential companies throughout the UK.

This investment brought great benefits to Acme in the years ahead. Pentland brought a strategic input to a level that the company had never experienced, enabling us to become a truly nationwide company. Cash flow also became much less of a concern, enabling Acme to invest in new methods of procurement, bringing further savings to our customers (read more below).

Peter Hendricks was also able to retire from the company, and after 20 years in service, left in November 1984.

Acme are proud to be part of the Pentland Group. Find out more at www.pentland.com and www.pentland.vc.

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