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Stock impact report

DLA Piper advises Foot Locker in US$360 million acquisition of atmos

Foot Locker, Inc. (FL) 
Last foot locker, inc. earnings: 2/28 06:45 am Check Earnings Report
Company Research Source: PR Newswire
NEW YORK, Aug. 4, 2021 /PRNewswire/ -- DLA Piper represented Foot Locker, Inc. (NYSE: FL) in its recent agreement to acquire Text Trading Company, K.K., which owns and licenses the atmos brand, a digitally led, premium global retailer headquartered in Japan, for US$360 million, with additional purchase price consideration based on performance targets. The agreement was executed on July 31, and the closing is anticipated within 60-90 days.The acquisition of atmos, a culturally connected brand featuring premium sneakers and apparel, an exclusive in-house label, collaborative relationships with leading vendors in the sneaker ecosystem, experiential stores and a robust omni-channel platform, will accelerate Foot Locker's global reach with a highly strategic foothold in Japan. "We were pleased to advise Foot Locker on this transaction, bringing together a strong cross-border team with extensive M&A and retail sector experience to ensure a successful result. This acquisition will support ou Show less Read more
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