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Great day for Mitchell & Ness after being acquired by the sports licensed division of the Adidas Group for an undisclosed amount. I’m sure it is north of $30-$40 million, but not much more than that considering they do hold many licensing agreements within the sports arena and was founded in 1904. Mitchell & Ness still has not made much noise since the coined “Throwback Jersey” phase that happened a few years back when they were going for $200-$600+ a jersey or shirt. The acquisition price also depends on what the specifics of the deal was and if any or all the executives over at Mitchell & Ness stayed on board or not.

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