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New York-based specialty athletic retailer Foot Locker recently announced acquiring atmos, a digitally-led, premium, global retailer headquartered in Japan, for $360 million, subject to certain customary adjustments. The Japanese retailer will maintain its brand name, preserving the atmos identity, brand ethos, and unique value proposition as part of the Foot Locker family of brands.
“atmos expands our global reach in the rapidly growing Asia-Pacific market, establishes a critical entry point in Japan and allows us to benefit from immediate scale,” Richard Johnson, chairman and chief executive officer (CEO) of Foot Locker, said in a press release.
“We have worked with Foot Locker for years on product collaborations and partnerships, and we are excited about what is ahead as we pursue our shared passion for sneaker culture, streetwear, creativity and self-expression,” said Hidefumi, CEO and chief creative officer of atmos.
US specialty athletic retailer Foot Locker recently announced acquiring atmos, a digitally-led, premium, global retailer based in Japan, for $360 million, subject to customary adjustments. The Japanese retailer will maintain its brand name, preserving the atmos identity, brand ethos, and unique value proposition as part of the Foot Locker family of brands.
Foot Locker expects atmos to generate low double-digit sales growth annually.
Fibre2Fashion News Desk (DS)
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