© Reuters. FILE PHOTO: People queue during Black Friday sales in front of a Foot Locker shoe store, as the spread of the coronavirus disease (COVID-19) continues, in Zurich, Switzerland November 27, 2020. REUTERS/Arnd Wiegmann
(Reuters) – Footwear retailer Foot Locker (NYSE:) Inc will buy two retailers for a total of about $1.1 billion in cash deals, the Wall Street Journal reported on Monday.
Foot Locker is expected to announce the acquisitions of California-based shoe store chain WSS for $750 million and Atmos, a Japan-based streetwear brand, for $360 million as soon as Monday, the Journal reported https://www.wsj.com/articles/foot-locker-to-buy-two-retailers-for-1-1-billion-11627898400 citing people familiar with the matter.
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