Footlocker Acquires the Japan-Based Global Retailer Atmos
Foot Locker, Inc. has completed the acquisition of atmos, a digitally led, global retailer headquartered in Japan, for 360 million dollars, subject to certain customary adjustments.
In a statement, Richard Johnson, chairman and CEO of Foot Locker, said, “We are delighted to officially welcome atmos’s iconic founder, Hidefumi Hommyo, and the entire atmos team to the Foot Locker family. We deeply value atmos’s unique brand, innovative, experiential stores, premium offerings, collaborations and understanding of sneakerhead culture. 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. We are excited about the many opportunities we will collectively be able to capture as a result of this partnership as we continue creating significant long-term value for our shareholders, consumers, vendor partners, and employees.”
