Nike offload Umbro for €173m

Football kit-maker Umbro was today sold by its owner Nike to an American clothing giant for $225m (€173m).

Nike offload Umbro for €173m
Wed, 24 Oct, 2012 - 18:19

Football kit-maker Umbro was today sold by its owner Nike to an American clothing giant for $225m (€173m).

Cheadle-based Umbro, which was taken private by Nike in a £285m (€220m) takeover in 2007, will be sold to Iconix Brand Group, the owner of Madonna’s Material Girl label and rapper Jay-Z’s Rocawear.

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CourtsHeathrowPlace: New YorkPerson: MadonnaPerson: Jay-ZPerson: Mark ParkerPerson: Cole HaanPerson: Charlie BrownPerson: SnoopyPerson: Neil ColeOrganisation: NikeOrganisation: UmbroOrganisation: Iconix Brand GroupOrganisation: Ireland national teamOrganisation: Manchester CityOrganisation: JordanOrganisation: ConverseOrganisation: HurleyOrganisation: IconixOrganisation: Peanuts Worldwide
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