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Volume 25 No. 28
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Foot Locker Invests $15M In Women's Fashion Brand Carbon38

Foot Locker has made a $15M strategic investment in Carbon38, part of a Series A funding round that "brings the aggregate" raised by Carbon38 to $26M since '13. The "women’s luxury lifestyle brand has its roots in the active apparel space, and last year entered the ready-to-wear market." Barclays analyst Matthew McClintock said, “We believe that today’s investment in Carbon38 could signal a change in strategy at Foot Locker regarding its athletic apparel business” (WWD.com, 1/23).