Key Developments: Nike Inc (NKE)

NKE on New York Consolidated

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Latest Key Developments (Source: Significant Developments)

Iconix Brand Group Inc Completes Acquisition Of Umbro From NIKE Inc
Monday, 3 Dec 2012 08:00am EST 

Iconix Brand Group Inc announced that it has completed the acquisition of the Umbro brand and related intellectual property assets from NIKE Inc for $225 million in cash. The purchase price was funded with the Company's recently announced $600 million securitized financing facility.  Full Article

Cambodia raises garment wage by 28 percent, but unions say not enough

PHNOM PENH, Nov 12 - Cambodia on Wednesday raised the controversial monthly minimum wage for garment workers by 28 percent, a decision likely to infuriate unions seeking a higher increase and revive calls for strike action.

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