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Iconix Brand Group Completes Acquisition of Umbro from Nike for $225 Million

Iconix Brand Group, Inc has just acquired the Umbro brand and other associated intellectual property assets from NIKE, Inc.  The acquisition costs a total of $225 million in cash.  The decision to acquire was declared back in October.  In 2008, Nike acquired Umbro for $582 million. However, Nike announced its decision to sell Umbro and …

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