The acquisition of LLOYD Shoes by the Swiss Arklyz Group has been completed lloyd
24.05.2024 2045

The acquisition of LLOYD Shoes by the Swiss Arklyz Group has been completed

The takeover of footwear manufacturer Sulinger Lloyd Shoes GmbH by the Swiss investment company Arklyz AG has been completed. As we wrote earlier, in January Arklyz reached an agreement with owner Ara AG to purchase the footwear brand, including all operating companies. Details of the deal have not been disclosed.

Arklyz Group is a fast-growing company in the segment of sports and casual clothing and footwear, as well as workwear. Arklyz management considers the acquisition of LLOYD Shoes an “important milestone” in the group’s development. The purpose of the acquisition is to diversify the portfolio and strengthen its presence in the global sports and lifestyle market. Lloyd will continue to operate under its established brand but will benefit from the Arklyz Group's "extensive resources and global presence".

“By integrating Lloyd into the Arklyz group, we have a brand with an exceptional heritage. Leveraging the synergies between Lloyd and Arklyz will optimize our product offering and enable further growth,” says Param Singh, owner and CEO of Arklyz AG. “Our goal is to transform Lloyd into a global lifestyle brand.” Lloyd Shoes will maintain its headquarters in Sulingen “to ensure continuity for employees and customers.”

“This partnership is a great opportunity for Lloyd to operate even more globally,” explains Andreas Schaller, Managing Director of Lloyd Shoes GmbH.

Arklyz Group 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 developing 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 manufacturing. 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 Shoes 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 takeover of footwear manufacturer Sulinger Lloyd Shoes GmbH by the Swiss investment company Arklyz AG has been completed. As we wrote earlier, in January Arklyz reached an agreement with the owner, Ara AG, on...
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