 OregonLive.com |
Nike selling its Umbro soccer brand for $ 225M
Huffington Post 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. Nike to sell Umbro soccer to Iconix Brand Group for $ 225 million |