© 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.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here