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."

European Stocks Rally as U.K. Begins Brexit
28:10 - European stocks climbed to their highest close since December of 2015 as the Stoxx 600 rose 0.3 percent. Bloomberg's Mark Barton breaks down the day's trading on "Bloomberg Markets: European Close." (Source: Bloomberg)
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