Nike completes Umbro sale

Nike completes Umbro sale

Nike completed the sale of Umbro to Iconix Brand Group for $225 million.

Nike purchased Umbro for $582 million in October 2007.

On May 31, Nike announced plans to sell Umbro and Cole Haan to sharpen its focus on driving growth in the Nike, Jordan, Converse and Hurley brands.

Read more at OregonLive.com.

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