Fresh off off his acquisition of a five percent stake in Macy’s, Daniel Kretinsky’s shopping spree continues with the purchase of shares in Foot Locker.
Kretinsky’s Vesa Equity acquired a 6 percent stake in Foot Locker on May 7, according to a regulatory filing. The current market value of his shares in the retailer is approximately $169 million.
“We confirm that we have acquired approximately six percent of the shares in Foot Locker,” an EPH spokesman told INFO. “This is complemented by recent purchases, which involved a more significant acquisition of minority stakes in publicly traded companies. Macy’s and Foot Locker are both American companies, so there was also some geographical diversification,” the spokesman said regarding the strategy behind the purchase.
Foot Locker is a footwear and clothing retailer founded in 1974. It now operates over 3,000 stores in 27 countries. It has ten branches in the Czech Republic.