ARA sells LLOYD SHOES LLOYD SHOES
17.01.2024 1701

ARA sells LLOYD SHOES

The German ARA group sells LLOYD Shoes to the Swiss company Arklyz Group, a fast-growing player in the sportswear and casual wear market. Arklyz will provide strategic support and resources to further strengthen and develop LLOYD's wholesale, omnichannel sales channels and international business,” ARA said in an official press release.

The companies signed a final agreement to acquire LLOYD Shoes with all its subsidiaries of the Swiss Arklyz. The transaction was unanimously approved by the boards of directors of Arklyz and ARA.

“Today’s announcement is another strategic milestone for us,” said Param Singh, owner and group CEO of Arklyz. “This is a unique opportunity to lead one of the most respected and well-known companies in the German footwear industry. LLOYD is the undisputed market leader in the men's premium segment in major European markets and we look forward to further developing this internationally. In addition, there are good prospects for LLOYD's growth by strengthening its omnichannel component. I am extremely pleased to welcome LLOYD to the Arklyz Group.”

Andreas Wortmann, CEO of Ara AG, noted Arklyz’s extensive development experience in the casual clothing and footwear segments. “We are very pleased that LLOYD is moving into a new safe haven after 25 years of ownership of Ara AG, and we wish the entire team continued success,” he commented.

“LLOYD aims to become a widely recognized premium footwear and lifestyle brand around the world. We have been growing well in recent years. Now, together with Arklyz and thanks to its experience, we will be able to further strengthen our omnichannel strategy and expand our presence in international markets,” says Andreas Schaller, Managing Director of LLOYD Shoes GmbH. “We look forward to the future as we look forward to cooperation with Arklyz and Param Singh."

The transaction is expected to be completed in the first half of 2024, subject to approval by antimonopoly authorities. The parties did not disclose financial information and details of the transaction.

Arklyz founded in 2018 by Param Singh, owner and CEO of Arklyz Group. The company's office is located in Switzerland in Stans. Arklyz Group is a fast-growing company in the segment of sports and casual clothing and footwear, as well as workwear. The company's activities include brand management, distribution, retail, e-commerce and production. Arklyz owns The Athlete's Foot, Asphaltgold, Intersocks and several global distribution licenses for brands such as Salomon, HEAD, Crocs, Nordica, Adidas, Hey Dude and others.

LLOYD founded in 1888 and is the market leader in premium footwear in Germany, Austria, Switzerland and the Scandinavian countries. The LLOYD brand is present in 48 countries and sold in approximately 2800 points of sale. Own retail is represented by 35 concept stores in major cities in Germany, as well as in Copenhagen, Lima, Vienna and Beijing. The brand's online sales are carried out through its own international online platform, where in addition to shoes, outerwear, bags and belts for men and women are presented. The company employs more than 1500 people, including almost 500 in Germany.

The German ARA group sells LLOYD Shoes to the Swiss company Arklyz Group, a fast-growing player in the sportswear and casual wear market. Arklyz will provide...
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