Foot Locker, Inc. Receives Approval To Complete Runners Point Group Acquisition
NEW YORK, June 17, 2013 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, announced today that it has received approval from the Federal Cartel Office in Germany to complete its previously announced acquisition of Runners Point Warenhandelsgesellschaft mbH ("RPG"). According to the terms of the agreement between Foot Locker, Inc. and RPG, the transaction is now expected to close in early July.
Foot Locker, Inc. is a specialty athletic retailer that as of May 4, 2013 operated 3,321 stores in 23 countries in North America, Europe, Australia, and New Zealand. Through its Foot Locker, Footaction, Lady Foot Locker, Kids Foot Locker, and Champs Sports retail stores, as well as its direct-to-customer channels, including footlocker.com, Eastbay and CCS.com, the Company is a leading provider of athletic footwear and apparel.
SOURCE Foot Locker, Inc.