Foot Locker, Inc. Announces Strategic Investment In Carbon38

Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, announced today that it has made a strategic investment in Carbon38, taking a minority stake in the world’s destination for women’s luxury activewear.  The $15 million Series A funding round brings the total raised by Carbon38 to $26 million since 2013.

“We have admired the Carbon38 story and mission since we met three years ago,” said Lauren B. Peters, Foot Locker Inc.’s Executive Vice President and Chief Financial Officer.  As part of the partnership, Ms. Peters will join Carbon38’s Board of Directors. “Katie and the team at Carbon38 have done an amazing job creating a brand with an extremely loyal following in the fitness and fashion worlds. In addition to the support of Carbon38’s exceptional growth potential that our investment provides, we expect to leverage the team’s keen industry insights and focus in order to elevate our own SIX:02 banner’s performance.”