(Reuters) – Footwear retailer Foot Locker Inc will buy two retailers for a total of about $1.1 billion in cash deals, the Wall Street Journal reported on Monday.
Foot Locker is expected to announce the acquisitions of California-based shoe store chain WSS for $750 million and Atmos, a Japan-based streetwear brand, for $360 million as soon as Monday, the Journal reported https://www.wsj.com/articles/foot-locker-to-buy-two-retailers-for-1-1-billion-11627898400 citing people familiar with the matter.
(Reporting by Uday Sampath in Bengaluru; editing by Vinay Dwivedi)
