M&A Deal Summary

Iconix Brand Group Acquires Umbro

On October 24, 2012, Iconix Brand Group acquired apparel/textiles company Umbro from Nike for 225M USD

Acquisition Highlights
  • This is Iconix Brand Group’s 4th transaction in the Apparel/Textiles sector.
  • This is Iconix Brand Group’s largest (disclosed) transaction.
  • This is Iconix Brand Group’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2012-10-24
Target Umbro
Sector Apparel/Textiles
Buyer(s) Iconix Brand Group
Sellers(s) Nike
Deal Type Add-on Acquisition
Deal Value 225M USD

Target

Umbro

Cheadle, United Kingdom
website
Umbro plc is a designer, marketer and full line supplier of branded and licensed soccer products. Branded products consist of uniforms, warm-up gear, footwear and active casual wear. Umbro was formed in 1924 and is headquartered in Cheadle, England.

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Buyer(S) 1

Buyer

Iconix Brand Group

New York, New York, United States

website

Category Company
Founded 1978
Sector Apparel/Textiles
Revenue 109M USD (2020)
DESCRIPTION

Iconix Brand Group is a brand management company and owner of a diversified portfolio of global consumer brands across women’s, men’s, entertainment, and home. The Company’s business strategy is to maximize the value of its brands primarily through strategic licenses and joint venture partnerships around the world, as well as to grow the portfolio of brands through strategic acquisitions. Iconix Brand Group was formed in 1978 and is based in New York City.

DEAL STATS #
Overall 5 of 7
Sector (Apparel/Textiles) 4 of 5
Type (Add-on Acquisition) 4 of 5
Country (United Kingdom) 1 of 2
Year (2012) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-27 The Sharper Image

Walnut Creek, California, United States

The Sharper Image is best known for its original products offered across the lifestyle, gift, gadget, electronics, wellness, fitness and travel categories. Sharper Image products are sold through a variety of channels, including at department and specialty stores and direct to consumer through the Sharper Image catalog and e-commerce website. The Sharper Image was formed in 1977 and is based in Walnut Creek, California.

Buy $66M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-20 Lee Cooper Group

London, United Kingdom

Lee Cooper is a designer, manufacturer and marketer of branded jeans, clothing, accessories, and footwear.

Buy $72M

Seller(S) 1

SELLER

Nike

Beaverton, Oregon, United States

website

Category Company
Founded 1964
Sector Apparel/Textiles
Employees79,100
Revenue 46.7B USD (2022)
DESCRIPTION

Nike is an innovator in athletic footwear, apparel, equipment and accessories. Nike was founded in 1964 and is based in Beaverton, Oregon.

DEAL STATS #
Overall 3 of 5
Sector (Apparel/Textiles) 2 of 4
Type (Add-on Acquisition) 2 of 2
Country (United Kingdom) 1 of 1
Year (2012) 1 of 2
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-15 Starter

United States

Founded in 1971, Starter pioneered the league licensed apparel business and is currently licensed to several manufacturer/wholesalers selling primarily to Wal-Mart in the United States, Canada and Mexico.

Sell $60M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-16 Cole Haan

Scarborough, Maine, United States

Cole Haan is a designer and retailer of premium men's and women's footwear, apparel, and accessories. The company's brand represents craftsmanship, style, and innovation. It sells through department stores, 108 domestic Cole Haan stores, 68 international stores across Canada, China, and Japan, and its online site. Cole Haan was formed in 1928 and is based in Scarborough, Maine.

Sell $570M
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