During Foot Locker, Inc.'s third quarter conference call, Matthew D. Serra, company chairman and CEO stated, “The continued rumors in the press regarding Foot Locker being involved in discussions of a potential sale of the Company are not true. There are no discussions taking place, nor have there been.”
In addition, Mr. Serra noted that, several months ago, the company had hired Evercore Partners to advise it on a range of matters and The Parthenon Group, a strategic consulting firm, to assist in the review of the company's business plan.
Mr. Serra continued, “Based on our assessment of their work, we continue to be confident about our business and our ability to generate long-term shareholder value by executing our strategic plan.”
