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.

 Zlatan Ibrahimovic's fashion range has gone bust after losing £18m

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Zlatan Ibrahimovic’s fashion range has gone bust after losing £18mCredit: Instagram / A-Z Fashion

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.”

Zlatan Ibrahimovic in new advert for his men’s skincare range

 Ibrahimovic has been plugging his clothing brand on social media

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Ibrahimovic has been plugging his clothing brand on social mediaCredit: Instagram / A-Z Fashion

 Ibra is now well and truly empty handed over his attempts at breaking into the world of fashion

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Ibra is now well and truly empty handed over his attempts at breaking into the world of fashionCredit: Instagram / A-Z Fashion

 The Swede sold boxer shorts as part of the fashion brand

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The Swede sold boxer shorts as part of the fashion brandCredit: Instagram / A-Z Fashion

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.

As Zlatan Ibrahimovic looks forward to the LA Galaxy derby he recalls the Milan derby as the best ever

 Zlatan and his agent Mino Raiola have been raking it in from endorsements

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Zlatan and his agent Mino Raiola have been raking it in from endorsementsCredit: Getty Images – Getty

 The Swede has netted 15 goals at his new club LA Galaxy

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The Swede has netted 15 goals at his new club LA GalaxyCredit: Getty – Contributor

Zlatan plays fortune teller in sketch on James Corden’s Late Late Show

 Zlatan has a number of commercial deals on the side as well as his failed clothing line

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Zlatan has a number of commercial deals on the side as well as his failed clothing line
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