Key Developments: Nike Inc (NKE)
21 Nov 2014
Latest Key Developments (Source: Significant Developments)
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
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.