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Archive Home > 2012 > October > 25 > Nike sells Umbro soccer brand

Nike sells Umbro soccer brand


October 25, 2012

NEW YORK — Nike has found a buyer for its Umbro brand, known for its soccer jerseys, in Iconix Brand Group Inc. The clothing licensing company is purchasing Umbro for $225 million in cash.

Nike Inc. had bought Umbro in 2008 for $582 million. The Beaverton company had announced in May....

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