FOOT LOCKER ACQUIRED ATMOS FOR USD 360 MILLION

Foot Locker announced it is acquiring atmos for USD 360 million to give them a strategic foothold in Japan, a market it estimates to be worth USD 6 billion. Atmos, focused on a niche of young, discerning shoppers, owns just a slice of that. Its sales last year were approximately USD 175 million. But the deal will still help Foot Locker expand in the fast-growing Asian market, and further into the premium end of sneakers and streetwear.

business, fashionNicki Lange2 August 2021streetwear, sneaker, foot locker, atmosComment

GOAT RAISES USD 100 MILLION TO FUND EXPANSION PLANS

GOAT Group, a Los Angeles, California-based apparel and sneaker retailer, has raised USD 100 million in a Series E round from D1 Capital Partners, continuing to accelerate the company's growth across its product categories and geographies.

business, fashionNicki Lange23 September 2020sneaker, resell, streetwear, goat, foot locker, index ventures, accel, venture capital, investmentComment

FOOT LOCKER INVESTS USD 100 MILLION IN GOAT

After the Stadium Goods takeover by Farfetch and GOAT merging with Flight Club last year, Foot Locker has announced a USD 100 million investment in GOAT entering the fast-growing USD 6 billion global sneaker reselling market.