Pentland has been honored with the 22nd annual Global Family Business Award by IMD, a top-ranked business school. The group received the award on the occasion of the 28th Summit of the Family Business Network International (FBN-I), which took place in Gran Canaria on Nov. 8-11. The Global Family Business Award recognizes companies that are “exemplary” in uniting family interests with those of the business, while combining tradition and innovation and demonstrating commitment to sustainability. Pentland is the owner of brands such as Speedo, Berghaus, Ellesse, Canterbury, Kangaroos, Boxfresh, and Mitre. The company was established in Liverpool in 1932, when Berko and Minnie Rubin – immigrants from Eastern Europe – set up the Liverpool Shoe Company, a small footwear business. The company later diversified in other businesses. It is now headquartered in London, but it generates around 80 percent of its sales outside of the U.K. Pentland is currently owned by six members of the founding family and employs more than 20,500 people worldwide. The group generated around £2.9 billion in revenues in 2016.