Wednesday, 20 May 2020

Czech billionaire who bought Macy’s stake just acquired 6% of Foot Locker

Daniel Kretinsky’s shopping spree continues, this time at Foot Locker. Earlier this month, the Czech investor bought a 5-percent stake in Macy’s department store and now he’s added a 6-percent stake in Foot Locker, Bloomberg reported. Kretinsky’s bet on the shoe company is valued at about $169 million. The 44-year-old billionaire — known as the “Czech sphinx” because of his inscrutable demeanor — said he plans to work with Macy’s management to turnaround its business,



source https://therealdeal.com/2020/05/20/czech-billionaire-who-bought-macys-stake-just-acquired-6-of-foot-locker/

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