THE Fourlis GroupRetail Leading Club in Southeast Europe, announces the successful completion of the acquisition of Foot Locker’s activities in Greece and Romaniasignaling an important milestone in its strategic collaboration with Foot Locker.
The acquisition includes the transfer of six existing Foot Locker stores – three in Greece and three to Romania – and the online store in Greece, which are now operating under the management of the Fourlis Group.
The acquisition is part of the licensing agreements signed between the Fourlis Group and the Foot Locker in August 2024, and according to which the Group has the exclusive rights to develop the Foot Locker Store Network in eight countries in Southeast Europe: Greece, Greece, Romania, Romania and Montenegro.
This development follows the successful launch of the first three Foot Locker stores in Bulgaria at the end of 2024. With the completion of the acquisition of existing stores in Greece and Romania, the Fourlis Group now has the whole of Foot Locker in Southeast Europe. Brand development and further geographical expansion.
The long -term plan of the group includes the development of over 100 natural stores and eight electronic stores.
The acquired activity is expected to contribute positively to the consolidated revenue and EBITDA operating profits of the Group from the financial year 2025. In a five -year horizon, the group aims at annual sales of 250 million euros, enhanced by increasing demand for lifestyle products and athletic products.
The integration of new stores is fully supported by the existing infrastructure of the Fourlis Group, including offices in Athens, Sofia, Bucharest and Nicosia, a state -of -the -art and automated logistics center in Attica and Shared Business Services. These synergies are expected to boost efficiency, reduce operating costs and allow the Foot Locker network to be scattered in Southeast Europe.