Retailers, which owns Fox, will pay a sum of 45 million euros for the 12 stores. In February of this year, Wiesel purchased a series of Nike stores in Australia and New Zealand.
Wiesel owns, among others, the Fox networks, which include Fox, Fox Man, Kid and Baby, Fox Home, Shilav, Lalin, the Terminal X shopping site. The group is the franchise owner and store owner of a number of international brands including Mango, American Eagle, Billabong, Flying Tiger, Foot Locker, Adidas and Nike. The company estimates that it will enter into a binding agreement by the end of the second quarter of the year in accordance with the existence of conditional conditions that include, among other things, approvals from lessors and Nike's consent. The agreement is made on the basis of zero net debt (Cash Free - Debt Free), and normative working capital as will be defined in the binding agreement, as well as a mechanism for future compensation conditional on goals.