|This Slide: #10 of 14|
Slide #10. Foot Locker, Inc. — Runners Point Group
Foot Locker, Inc. (NYSE:FL)
Runners Point Group
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 global retailer. Co.'s portfolio of brands include: Foot Locker, which is a youth culture brand that connects consumer with sneakers and apparel, as well as brands in the athletic and lifestyle space; Kids Foot Locker, which provides a selection of athletic footwear, apparel, and accessories for children; Lady Foot Locker, which is a retailer of athletic footwear, apparel, and accessories dedicated to young women; Champs Sports, which is an athletic footwear and apparel retailer in North America; and Footaction, which is a North American athletic footwear and apparel retailer that provides a selection of athletic lifestyle brands and looks.
FL SEC Filing Email Alerts Service
Open the FL Page at The Online Investor »
Buy (3.11 out of 4)