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.
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.”
MOST READ IN FOOTBALL
Man Utd vs Man City: Live stream, TV channel, team news and kick-off time
Man Utd transfer news LIVE: Follow all the latest from Old Trafford
Arsenal transfer news LIVE: Follow all the latest from the Emirates
OZIL & OUT
Mesut Ozil ‘reaches agreement to join Fenerbahce on three-and-a-half-year deal’
Mick McCarthy sacked by APOEL after just two months following disastrous form
Leeds TV host Emma Louise Jones fears long lockdown after being sent penis pic
MAD FOR IT
Footie ace sets up OnlyFans after being axed by Charlton over controversial vids
Trippier’s WhatsApp messages that led to 10-week ban revealed
Wayne Rooney’s Derby face being KICKED OUT of FA Cup due to coronavirus outbreak
Watch Dasilva horror tackle that left Hojbjerg’s leg ravaged & Spurs ace raging
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.