Foot Locker completes divestiture strategy implement - leatherbiz: Lea Leatherbiz

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Foot Locker completes divestiture strategy implementation

26/11/2001

Foot Locker Inc. has announced that it has completed the implementation of its divestiture strategy. Effective as of 13 November this year, the company has completed the sale of it's subsidiary The San Francisco Music Box Company to SFMB Acquisition Corp., an affiliate of Kier Group Holdings, LLC. The San Francisco Music Box Company is a leading specialty retailer of musical giftware in the United States.

The company has also sold its hospitality division, consisting primarily of several Burger King franchises, to Jan Co. Central, Inc., effective as of last month, with its Northern Group operation in Canada sold during September 2001.



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