Sportswear brand once ubiquitous in golf and tennis tournaments sold to Japanese buyer Sumitomo Rubber Industries
Sports Direct is selling Dunlop, the sportswear brand known for its green flash tennis shoes, to a Japanese buyer in a surprise $137.5m (£112m) deal.
Sumitomo Rubber Industries confirmed that it will acquire the trademark rights of the Dunlop brand overseas, as well as its sporting goods and licensing businesses.
Related: Mike Ashley: the ins and outs of Sports Direct tycoon's empire
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