Czech billionar becomes the larger shareholder in American FootLocket

Published: 14.12.2020 Related countries:  U.S.A. U.S.A.

Czech billionar becomes the larger shareholder in American FootLocket

Daniel Kretinsky, the Czech billionaire, has increased his stake in Foot Locker Inc.. This makes him top shareholder of this company. Earlier this year he also invested in Macy’s Inc. Kretinsky owns 10.3% of the company’s common shares. His firm previously revealed a 6% stake in May. Its current stake in the New York-based company has a market value of about $400 million. Foot Locker’s shares have more than doubled since the market turmoil earlier this year, leaving them down 1.6% since Jan. 1.

Source: https://www.irozhlas.cz/ekonomika/kretinsky-investicni-fond-vesa-foot-locker_2011261616_oro

Prepared by the team of foreign office CzechTrade San Francisco