Dick’s Sporting Goods has announced the finalization of its acquisition deal with Foot Locker.
In May, the company revealed that this transaction was valued at $24 billion. Despite the acquisition, Dick’s plans to continue operating Foot Locker as a separate entity.
The acquisition will see Foot Locker, a well-known footwear and apparel retailer, combine its other brands with Dick’s.
Together, they will operate 3,200 stores across 20 countries.
