Chernin Bets $39 Million on US Buying Up Retro Football Shirts [BNN Bloomberg (Canada)]
Manchester United Ltd. Class A Ordinary Shares (MANU)
Last manchester united ltd. class a ordinary shares earnings: 2/25 07:00 am
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Source: BNN Bloomberg
The Chernin Group is investing $38.5 million in the sports retailer as it prepares to make a deeper push into the US market, which currently represents about 15% of the retailer's business. Classic Football Shirts sells a sizable inventory of historical football kits from a range of clubs, including the Premier League's Manchester United and Thai club Samut Prakan City. Its first US retail location opens in New York this week, and executives said they plan to add a second shop in Los Angeles. The company acquires its goods from a variety of sources, including direct tie-ups with the big clubs and brands as well as merchandise shoppers bring to its website. Executives once bought 20 years worth of old clothes from Italian club AC Milan that was tucked away in a team warehouse. The most valuable items are housed in a climate-controlled vault. This is the first time Classic Football Shirts, which was founded in 2006 in Manchester, has taken on a large outside investor. Management
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MANU
Earnings
- 3/12/24 - Beat
MANU
Sec Filings
- 5/28/24 - Form 6-K
- 4/30/24 - Form 6-K
- MANU's page on the SEC website