Nike Sheds Umbro Unit in $225M Iconix Brand Deal

Oct. 25 (Bloomberg) -- Bloomberg's Sara Eisen reports that Iconix Brand Group agreed to acquire Nike's Umbro sports apparel and footwear unit for $225 million in cash in a deal that is expected to close by the end of the year. She speaks on Bloomberg Television's "Bloomberg Surveillance."
The Growth of the Action Camera Market
31:58 - Ricoh Imaging's Jim Malcolm, iON Worldwide CEO Giovanni Tomaselli and 360fly CEO Peter Adderton discuss the growth of the action camera market with Bloomberg's Emily Chang on "Bloomberg West." (Source: Bloomberg)
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