Home / Knowledge / News / Apparel/Garments / Iconix acquires Umbro from Nike for $225mn
Iconix acquires Umbro from Nike for $225mn
04
Dec '12
Iconix Brand Group, Inc, announced that it has completed the acquisition of the Umbro brand and related intellectual property assets from NIKE, Inc. for $225 million in cash.
 
Founded in 1924, Umbro is the original global football (soccer) brand. Today, the brand combines its British heritage with a modern football lifestyle to create iconic sports apparel and footwear.
 
The purchase price was funded with the Company's recently announced $600 million securitized financing facility.
 
"We are thrilled to be adding Umbro to our portfolio of iconic brands," said Neil Cole, Chairman and CEO of Iconix Brand Group, Inc.
 
"In addition, we believe our ability to secure financing at an attractive price highlights the strength of our brands and our business model. Acquisitions remain a key focus for our Company and with our new securitization in place we believe we have significant financial flexibility and are well positioned to continue to grow our business and execute on our acquisition strategy."
 
Iconix owns 29 consumer brands in the fashion, athletic, electronic, and home and entertainment industries. With this acquisition, the Company's brands will generate approximately $13 billion in retail sales globally, with over $2.5 billion attributable to the Company's portfolio of athletic brands.
 

Iconix Brand Group

Must ReadView All

Textiles minister Smriti Irani at a press conference with minister of state for textiles, Ajay Tamta, the principal director general (M&C), PIB, AP Frank Noronha and other dignitaries. Courtesy: PIB

Apparel/Garments | On 23rd May 2017

Special package for knitwear coming soon: Irani

Union textiles minister Smriti Irani said that the government of...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search