Iconix Brand (ICON) Completes $225M Purchase of Umbro

December 3, 2012 8:20 AM EST
Iconix Brand Group, Inc. (Nasdaq: ICON) today 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.

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