GOAT is buying Flight Club

GOAT, an online marketplace for high-value sneakers, is acquiring Flight Club, the well-known sneaker consignment shop with locations in New York and Los Angeles. Flight Club is a cultural icon,but they were missing the tech side. We’ve grown into an established player, but we don’t have the retail yet.” – Eddy Lu, GOAT Chief Executive According to a GOAT spokeswoman, the deal involves a mix of cash and equity, although terms have not been disclosed yet. She also said that both brands will continue to operate independently.   With the…

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