Fenwick & West represented 1661, Inc. (dba GOAT), a leading marketplace for authentic sneakers operating the GOAT and Flight Club brands (“GOAT Group”), in its $100 million strategic minority investment from Foot Locker, Inc., (NYSE: FL), a specialty athletic retailer that operates worldwide.
The investment will accelerate GOAT Group’s global operations and expand its omnichannel experience and innovative technologies. Over time, Foot Locker and GOAT plan to combine efforts across digital and physical retail platforms to create exclusive customer experience and elevate customer engagement across the entire sneaker industry. More information about GOAT’s $100 million strategic investment from Foot Locker can be obtained from the company announcement.
The Fenwick transaction team included corporate lawyers Sam Angus, Yael Perl and Kyle Canchola.