Foot Locker Inc. completes acquisition of atmos for $360.0 million
Foot Locker Inc. expanded their global footprint through the acquisition of atmos, a digital global retailed headquartered in Japan for $360.0 million in November 2021. This expanded their geographic presence in the growing Asia-Pacific market. Atmos will maintain its brand name as it becomes part of the Foot Locker family of brands. The company has previously worked with Foot Locker many times before on product collaborations and partnerships, sharing a passion for streetwear, creativity and sneaker culture. https://investors.footlocker-inc.com/news-releases/news-release-details/foot-locker-inc-completes-acquisition-atmos
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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