Lates News

On May 15th, American sporting goods retailer Dick's Sporting Goods announced that it has reached a final agreement to acquire the equity of North American athletic footwear and apparel retailer Foot Locker, valued at approximately $2.4 billion with an enterprise value of around $2.5 billion. Dick's Sporting Goods stated that it expects Foot Locker to operate as an independent business unit within its portfolio and retain its own brand under the Foot Locker name.