Nike Completes Sale of Umbro to Iconix

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Nike Sells Umbro to Iconix Brand Group for $225 Million

The sale of Umbro from Nike to Iconix Brand Group, Inc. is a done deal. As previously reported, the futbol fashion staple was divested by Nike for a price of $225 million to Iconix, a company that houses the likes of Ecko, Starter, and Rocawear. This move,?much like?the Cole Haan sale, was done in an effort to focus more on building the Nike, Jordan, Converse, and Hurley brands.

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Ian Stonebrook lives in Austin, TX where he spends most of his time kicking it with friends and fam, hooping, golfing and going out.

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