INTERSPORT International has bought The Athlete’s Foot, the 430-store US franchise retail chain, for an undisclosed price.
“The Athlete’s Foot is an ideal complement to INTERSPORT, immediately providing us with a presence in 63 countries instead of the current 41,” says Franz Julen, CEO of IIC- INTERSPORT International Corporation.
“While we are in a strong global position, especially in Europe, this acquisition allows us to move into the lucrative markets of the USA, Australia, Indonesia and New Zealand, take advantage of the potential of the emerging countries in South America and strength our position in Asia and the Middle East.”
Founded in 1971 in Pittsburgh, Pennsylvania, The Athlete’s Foot expanded its business beyond America in 1978, when the first international master franchise agreement was signed.
