The Sports Licensed Division (SLD), part of the adidas Group, has acquired Philadelphia-based sportswear company Mitchell and Ness Nostalgia Company. Financial details were not disclosed.

SLD plans to grow and strengthen Mitchell and Ness' market position in the US as well as internationally. The company currently holds licensing agreements with the National Basketball Association, Major League Baseball, the National Hockey League and the National Football League (through a Reebok sub-license) to reproduce kit and other vintage-inspired athletic apparel.

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