💨 Abstract
Dick’s Sporting Goods is acquiring Foot Locker for approximately $2.4 billion, marking the second major footwear company acquisition in recent weeks amid trade uncertainties. Dick’s plans to operate Foot Locker as a standalone unit, leveraging its global footprint and brand recognition. The deal aims to create a new global platform for sports and sports culture, enhancing store designs and omnichannel experiences. Both companies are led by women CEOs.
Courtesy: wtop.com
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