Footlocker keeps expanding as they announce the acquisition of Atmos & WSS for $360 million & $750 million respectively. With this acquisition, Footlocker plans to explore opportunities in the Asia-Pacific region with the purchase of Atmos and further increase its presence in the West Coast area with the purchase of WSS.
Richard A. Johnson, Chairman and Chief Executive Officer of Foot Locker, Inc. spoke about the purchase where he said,
“We are thrilled to bring Atmos into our portfolio of brands and build on the strong foundation of this differentiated business. We look forward to welcoming Atmos’s highly respected founder, Hidefumi Hommyo, who is considered one of the most influential people in streetwear and sneaker culture, along with the rest of the valued Atmos team and their customers, to the Foot Locker family”
The deal isn’t finalised yet and Atmos and WSS will maintain their branding till the quarter of 2021 where they will fall under the Footlocker umbrella.