Umbro has bought a 49 percent stake in its French licensee, Noël Soccer, from the Noël group, which continues to manufacture and sell shoes for children and men under various brands. The takeover gives the Noël Soccer an enterprise value of between £25 million (€36.8m-$49.6m) and £36 million (€52.9m-$71.5m). Noël ...

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