Ex-Manchester United ace Zlatan Ibrahimovic shuts down A-Z fashion label after losing £18m in just two years

FORMER Manchester United striker Zlatan Ibrahimovic is closing down his A-Z clothing line after losing £18million in just two years.

According to Swedish newspaper Dagens Industri, the LA Galaxy star’s fashion company has been shut down after being hit by marketing costs.

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Ibra, 36, started the label with Norwegian fashion giant Varner Group in June 2016 while he was still at Old Trafford and nursing an injury.

But A-Z has now been officially shut down and Varner Group explained the decision in a press statement.

It read: “Despite solid growth in 2017 the European sportswear effort has proved too expensive.

“Petter Varner and Zlatan Ibrahimovic agree to end their co-operation in A-Z.”

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The Financial Director of Varner Group, Toralf Riskild, had said last year: “2016 was the first year of the company and we had high commercialisation costs, but of course we expect improved sales and improved results.

“We knew we would not make money in the first year but the losses were higher than expected.”

The brand name A-Z was based on Ibrahimovic’s journey from “amateur to Zlatan”.

Ibrahimovic, 36, has made a successful start to his career in Major League Soccer, scoring 15 goals in 19 appearances for Los Angeles Galaxy.

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