{"id":42936,"date":"2012-10-24T09:05:29","date_gmt":"2012-10-24T13:05:29","guid":{"rendered":"http:\/\/footballfashion.org\/wordpress\/?p=42936"},"modified":"2012-10-24T09:11:24","modified_gmt":"2012-10-24T13:11:24","slug":"nike-sells-umbro-to-iconix-brand-group","status":"publish","type":"post","link":"https:\/\/footballfashion.org\/wordpress\/2012\/10\/24\/nike-sells-umbro-to-iconix-brand-group\/","title":{"rendered":"Nike Sells Umbro to Iconix Brand Group"},"content":{"rendered":"<p><strong>Beaverton, Ore., (October 24, 2012)<\/strong> \u2014 NIKE, Inc. (NYSE:NKE) today announced that it has reached a definitive agreement to sell its Umbro affiliate brand to Iconix Brand Group, Inc. (NASDAQ:ICON) for $225 million. The transaction is expected to be complete by the end of 2012.<\/p>\n<p>NIKE, Inc. had announced its intention to divest of Umbro and Cole Haan to sharpen its focus on driving growth in the NIKE, Jordan, Converse and Hurley brands on May 31, 2012.<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/scripts.affiliatefuture.com\/AFClick.asp?affiliateID=132648&amp;merchantID=739&amp;programmeID=3052&amp;mediaID=15786&amp;tracking=&amp;url=http:\/\/www.worldsoccershop.com\/shop-by-team-england-national-soccer-team.html\" target=\"_blank\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter lazyload\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"http:\/\/farm8.staticflickr.com\/7103\/7165244249_644dfb6ab3.jpg\" alt=\"\" width=\"425\" height=\"239\" \/><\/a><\/p>\n<p>\u201cIt is a difficult decision to divest any business but this action will enable us to focus on our highest-potential growth opportunities,\u201d said NIKE, Inc. President and CEO Mark Parker. \u201cUmbro has a great heritage, but ultimately, as our category strategy has evolved, we believe Nike Football can serve the needs of footballers both on and off the pitch.\u201d<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/footballfashion.org\/wordpress\/2012\/07\/05\/manchester-city-umbro-201213-home-and-away-kits\/\" target=\"_blank\"><img decoding=\"async\" class=\"aligncenter lazyload\" style=\"border: 0px;\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"http:\/\/farm8.staticflickr.com\/7126\/7511536758_ef83e980af.jpg\" alt=\"Manchester City Umbro 2012\/13 Home and Away Soccer Jerseys \/ Football Kits \/ Camisetas\" width=\"375\" border=\"0\" \/><\/a><\/p>\n<p>\u201cUmbro is a true, authentic football brand with a global loyal consumer fan base and we are thrilled to be adding it to our portfolio of iconic brands,\u201d stated, Neil Cole, CEO Iconix Brand Group. \u201cUmbro is an exciting acquisition with more than 30 licensees in over 100 countries with a devout following. We look forward to working with our international partners to maintain and expand upon the rich heritage of Umbro,\u201d Cole added.<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/footballfashion.org\/wordpress\/2012\/09\/28\/republic-of-ireland-201213-umbro-home-jersey\/\" target=\"_blank\"><img decoding=\"async\" class=\"aligncenter lazyload\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"http:\/\/farm9.staticflickr.com\/8309\/8032656899_d64343fd94.jpg\" alt=\"Republic of Ireland Umbro 2012\/13 Home Soccer Jersey \/ Football Kit\" height=\"380\" \/><\/a><\/p>\n<p><strong>About Iconix Brand Group, Inc.<\/strong><\/p>\n<p>Iconix Brand Group, Inc. owns, licenses and markets a growing portfolio of consumer brands including: CANDIE&#8217;S (R), BONGO (R), BADGLEY MISCHKA (R), JOE BOXER (R), RAMPAGE (R), MUDD (R), MOSSIMO (R), LONDON FOG (R), OCEAN PACIFIC (R), DANSKIN (R), ROCAWEAR (R), CANNON (R), ROYAL VELVET (R), FIELDCREST (R), CHARISMA (R), STARTER (R), WAVERLY (R), ZOO YORK (R), and SHARPER IMAGE (R). In addition, Iconix owns interests in the ARTFUL DODGER (R), ECKO (R), MARC ECKO (R), ED HARDY (R) MATERIAL GIRL (R), PEANUTS (R), and TRUTH OR DARE brands. The Company licenses its brands to a network of leading retailers and manufacturers that touch every major segment of retail distribution from the luxury market to the mass market in both the U.S. and worldwide. Through its in-house business development, merchandising, advertising and public relations departments Iconix manages its brands to drive greater consumer awareness and equity.<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/scripts.affiliatefuture.com\/AFClick.asp?affiliateID=132648&amp;merchantID=739&amp;programmeID=3052&amp;mediaID=0&amp;tracking=&amp;url=http:\/\/www.worldsoccershop.com\/shop-by-team-manchester-city-fc.html\" target=\"_blank\"><img decoding=\"async\" class=\"aligncenter lazyload\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"http:\/\/farm8.staticflickr.com\/7272\/7563463968_2a96909b6b_b.jpg\" alt=\"\" width=\"615\" height=\"76\" \/><\/a><\/p>\n<div class=\"fb-comments\" data-href=\"http:\/\/footballfashion.org\/wordpress\/2012\/10\/24\/nike-sells-umbro-to-iconix-brand-group\/\" data-num-posts=\"20\" data-width=\"500\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Beaverton, Ore., (October 24, 2012) \u2014 NIKE, Inc. (NYSE:NKE) today announced that it has reached a definitive agreement to sell its Umbro affiliate brand to Iconix Brand Group, Inc. (NASDAQ:ICON) for $225 million. The transaction is expected to be complete by the end of 2012. NIKE, Inc. had announced its intention to divest of Umbro [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,42],"tags":[2736,2745],"class_list":["post-42936","post","type-post","status-publish","format-standard","hentry","category-nike","category-umbro","tag-nike","tag-umbro"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nike Sells Umbro to Iconix Brand Group - FOOTBALL FASHION<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/footballfashion.org\/wordpress\/2012\/10\/24\/nike-sells-umbro-to-iconix-brand-group\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nike Sells Umbro to Iconix Brand Group - FOOTBALL FASHION\" \/>\n<meta property=\"og:description\" content=\"Beaverton, Ore., (October 24, 2012) \u2014 NIKE, Inc. 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