Foot Locker Invests $100 Million USD in Flight Club Parent GOAT Group

It was announced today that Foot Locker, Inc. will be backing GOAT Group, parent company to the GOAT and Flight Club brands, with a strategic minority investment of $100 million USD. The move will allow the New York based-retailer to "bring sneaker and youth culture to people around the world," as explained by Foot Locker Chairman and CEO Richard Johnson in an official statement. According to the press release, the transaction marks the largest investment to date by a retailer buying into the se...