Foot Locker to acquire atmos for $360m.

Foot Locker, the New York-based specialty athletic retailer, agreed to acquire atmos, which owns and licenses the atmos brand, a digitally led, premium, global retailer headquartered in Japan, for $360m. "atmos is uniquely positioned through its innovative retail stores, high digital penetration, and distinctive products that have made it a key influencer of youth and sneaker culture. With atmos, we are executing against our expansion initiative in the rapidly growing Asia-Pacific market, establishing a critical entry point in Japan and benefitting from immediate scale. 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," Richard A. Johnson, Foot Locker Chairman and CEO.