Swiss running brand On just added $3 billion to its valuation last week. It’s gunning for Nike and Adidas, and now, Dick’s wants in on the chase. Meanwhile, Mark Cuban’s got his eye on the field too, launching a $750 milli...
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Dick’s Sporting Goods to Acquire Foot Locker in $2.4 Billion Deal
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Subscribe19 MAY 2025 / BUSINESS
Dick's Sporting Goods has agreed to a $2.4 billion acquisition deal with Foot Locker. The merger is a strategic move to compete with sports retailers such as Nike and Adidas, and to expand Dick's market by getting instant access to Foot Locker's 2,400 stores across 20 countries, younger shopper demographic, and streetwear credibility.
Swiss running brand On just added $3 billion to its valuation last week. It’s gunning for Nike and Adidas, and now, Dick’s wants in on the chase. Meanwhile, Mark Cuban’s got his eye on the field too, launching a $750 milli...
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