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Foot Locker, Inc. Message Board

  • zecelvira zecelvira Jul 11, 2014 7:01 PM Flag

    lorna jane potential acquisition

    I like the idea. The Lady needs a pick me up and the sports apparel is what is needed. Lulu is too pricey an acquisition but this looks plausible plus this is a leading Aussie personality and everything Aussie over here seems to do well e.g., Crocodile Dundee and Outback Steakhouse. The Six:02 thing can only go so far without some new product and I am liking the "Lady Lorna" possibility. Not sure how much they would have to payup but it appears private equity also interested in it. FL has some $800 million in cash thanks to prudent expense mgmt. and good overall financial mgmt. So I am heartened by the news. Plus Lorna jane is alive and well and apparently a good spokesperson for her brand so her reputation, combined with her Aussie accent and Malibu type appeal could be just what the doctor ordered. FL has a good record recently on acquisitions as the Runners Group thing in Germany gave them a better European presence and was cost effective. Any thoughts???

    Sentiment: Buy

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