Nike scores with Umbro takeover
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US sportswear giant Nike ventured further into the British football market on Tuesday after agreeing to buy rival Umbro, maker of the England soccer strip, for 582 million dollars (408 million euros).
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LONDON: Manchester United received a bid approach on Monday that boosted their shares by over 5% as industry sources said US sports tycoon Malcolm Glazer planned a bid of over Â£650mil.
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Malcolm Glazer&#39;s patient acquisition of Manchester United continues, his shareholding in the Premiership club now standing at 28.
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Nike has reported that first quarter revenues increased 18% to $3.6bn (â¬3bn), against $3bn (â¬2.5bn) for the same period last year.
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British sportswear firm Umbro, which supplies kit for the England football team, is being targetted by US giant Nike, press reports said Friday.
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Gucci owner PPR takes effective control of Puma three months after offering to buy sportswear maker.
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Straka made the surprising admission on the eve of the Champions League match between the two sides at Old Trafford. He said: âManchester United are great.
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Business & money: JJB Sports takes a 10.1% stake in Umbro, the troubled England football kit manufacturer.
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Tottenham sign Southampton defender Gareth Bale for a transfer fee of up to Â£10m.
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Manchester United have received a bid approach that boosted their shares on Monday and fanned talk that US sports tycoon Malcolm Glazer is planning a bid likely to top 650 million pounds ($1.
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Britains most famous football club, Manchester United, has been approached in a potential takeover bid. Although the identity of the bidder has not been revealed, most suspect Malcolm Glazer to be behind the move.
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LONDON (CBS.MW) -- Malcolm Glazer, the Tampa Bay Buccaneers owner, has upped his stake in UK soccer organization Manchester United (UK:MNU) to 28.
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CEO Phil Knight names his successor at Nike.
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Nike beat expectations yesterday with a 46 per cent jump in second quarter profit, boosted by strong demand in the US and emerging markets and the weak US dollar.
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The British soccer club Manchester United said on Monday that it had received a preliminary takeover offer, which one person close to the talks said was from the owner of the Tampa Bay Buccaneers, Malcolm Glazer.
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London - Manchester United said on Monday that it had received a &quot;preliminary approach&quot; for a financial takeover of the English soccer club.
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Global sportswear brand Nike has reassured market analysts with quarterly sales above expectations.