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Apparel Stores M&A image Apparel Stores M&A » By The Online Investor Staff, updated Wed., Apr. 24, 10:15 PM Recent mergers and acquisitions in the Apparel Stores M&A category.

This Slide: #10 of 14

Slide #10. Foot Locker, Inc. — Runners Point Group

Acquirer: Foot Locker, Inc. (NYSE:FL)
Acquiree: Runners Point Group
Details: Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, announced today that it has signed a definitive agreement to acquire Runners Point Warenhandelsges. mbH ("RPG"), a specialty athletic store and online retailer based in Recklinghausen, Germany, for total cash consideration of 72 million euros (approximately $94 million). RPG is currently majority owned by the private equity firm HANNOVER Finanz. The Company's Chief Executive Office, Otto Hurler, and Chief Financial Officer, Harald Wittig own the balance of the Company. Both Mr. Hurler and Mr. Wittig, along with other members of senior management, will remain with the Company post-acquisition. The transaction is subject to review by merger control authorities in Germany.

Foot Locker is a footwear and apparel retailer. Co. operates stores across North America, Europe, Australia, New Zealand, and Asia, and a franchised store presence in the Middle East and Asia. Co.'s portfolio of brands include Foot Locker, Kids Foot Locker, Champs Sports, WSS, and atmos. Co. uses its capabilities to bridge the digital world and physical stores, including order-in-store, buy online and pickup-in-store, and buy online and ship-from-store, as well as e-commerce. Co. operates websites and mobile apps aligned with the brand names of its store banners. These sites provide product selections and provide a link between e-commerce and physical stores.

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FL — Key Stats (updated 11 hours, 44 minutes ago)
Company Name:  Foot Locker, Inc.
Stock buyback:  FL buyback
Website:  www.footlocker.com
Sector:  Apparel Stores
Number of ETFs Holding FL:  46
Total Market Value Held by ETFs:  $464.60M
Total Market Capitalization:  $2.03B
% of Market Cap. Held by ETFs:  22.89%
 

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April 24, 2024  •  10:15 PM Eastern
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Hold (2.12 out of 4)
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