News

JJB supports Nike bid for Umbro

31/01/2008

British sports retailer JJB Sports plc has agreed to back Nike’s bid to acquire UK sports brand Umbro, the official kit supplier of the England soccer team, for approximately $585 million. JJB, which holds a 10.1% stake in Umbro, has entered into an irrevocable undertaking with Nike Vapor Ltd to vote in favour of the scheme.

To continue reading this story, please sign in or register.

Footwearbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.