The Online Investor
Apparel Stores M&A image Apparel Stores M&A » By The Online Investor Staff, updated Wed., Apr. 14, 4:45 PM Recent mergers and acquisitions in the Apparel Stores M&A category.

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 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 »

Company Name: 
Foot Locker, Inc.
Stock buyback: 
FL buyback
Website: 
www.footlocker-inc.com
Sector: 
Apparel Stores
Number of ETFs Holding FL: 
68
Total Market Value Held by ETFs: 
$942.84M
Total Market Capitalization: 
$6.17B
% of Market Cap. Held by ETFs: 
15.28%
 

Open the FL Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes



Buy (3.11 out of 4)
35th percentile
(ranked lower than approx. 65% of all stocks covered)

Analysts' Target Price:
FL Stock Forecast

Based on Zacks ABR data;
powered by Xignite

Apparel Stores M&A - Slide 10 of 14 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.