Umbro confirmed it had received an approach but said that it "may or may not lead to an offer being made" for the firm.Īs well as providing kit for the England team, Umbro also supplies the kit for six Premier League clubs. The sportswear market has consolidated since Adidas bought Reebok in 2005.Īdidas is now the subject of takeover rumours while French retailer PPR has built up a large stake in German sportswear firm Puma. The US firm would not comment on what it called "speculation". On Thursday, Reuters said sources close to the matter named competitor Nike as the suitor for Umbro.
Hopes of a trading recovery are slipping as the chances of England qualifying for the 2008 European Championships drop. He is a television executive and is the CSC liaison. he is played by guest star Robert Mailhouse and debuts in 'Pilot'. Umbro has suffered in the wake of poor performance from the England team. is a recurring character in the first and second seasons of Sports Night. On 1 October 2012, it was announced that Sports Direct had purchased part of the business, including 20 stores, the brand, and its website for 28.3 million. On 24 September 2012, shares in JJB Sports were suspended, and the firm called in administrators.
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The newly-acquired 10.1% stake, plus Sport Direct's existing 15% stake in Umbro, mean any suitor would have a tougher battle ahead, say analysts.īy Friday's close of trade, Umbro shares had risen by 13%. JJB Sports, Craigavon, Northern Ireland (2009) JJB Sports plc was a British sports retailer. Reports a day earlier said an unnamed suitor had targeted Umbro, sending its shares 27.5% higher. If you’re looking for athletic slides, basketball sneakers, casual shoes, running gear and everything in between, JD Sports has you covered. Shop the latest footwear from brands like Nike, adidas, Vans and Puma that deliver performance, style and comfort to fit your on-the-go lifestyle. JJB Sports has bought a 10.1% stake in sportswear firm Umbro in a move to protect its stake in the market for England football shirts. JD Sports has everything you need to elevate your everyday casual look to eye-catching new heights. You can always change your preference by visiting 'Cookie Settings' at the bottom of the page.Umbro has been the target of an unnamed suitor
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