New York City — Foot Locker Inc. (NYSE: FL) has acquired Eurostar Inc., the operator of WSS stores primarily located on the West Coast, for $750 million.
WSS will maintain its name, operating as a new brand within Foot Locker’s portfolio. The New York City-based company has also appointed Anthony Aversa to the role of chief operating officer at WSS in conjunction with the acquisition. Aversa will oversee the brand’s market planning, real estate and customer experience functions.
Evercore served as financial advisor to Foot Locker and Skadden, Arps, Slate, Meagher & Flom LLP served as its legal advisor. RW Baird served as financial advisor to WSS, and Manatt, Phelps and Phillips LLP served as its legal advisor.
Foot Locker’s portfolio of brands now includes Kids Foot Locker, Champs Sports, Eastbay, WSS, Footaction and Sidestep. The company has approximately 3,000 retail stores in 27 countries across North America, Europe, Asia, Australia and New Zealand. Foot Locker stock closed at $49.63 on Friday, September 17, up from $35.45 on the same date last year.