Nike agrees takeover deal with Umbro
England kit maker Umbro today said it had agreed to be taken over by sportswear giant Nike in a deal worth £285 (€1.43m).
As well as kit for the England football team, Umbro makes shirts for six Premier League clubs including Everton, West Ham and Wigan, while its brand is endorsed by players including John Terry, Michael Owen and Luis Garcia.
The American firm said the proposed takeover of Cheadle-based Umbro would “significantly expand” its presence in a key growth market.
