On Thursday, January 3rd, Foot Locker (NYSE:FL) announced that it invested $3 million in Super Heroic Inc. The latter is a clothing and shoe company for children. It’s good news for Super Heroic; this is because the minority stake has brought the total investment in the company to $10 million.
Now that the news is out, FL stock has moved into the green zone–but that’s not the only thing Foot Locker investors should be celebrating.
Foot Locker Invests $3 Million, FL Stock JumpsUnder the terms of the deal, Kids Foot Locker will become ...
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