Following the acquisition by the Arklyz Group, The Athlete’s Foot (TAF), reported record sales of $503 million with 24 percent retail sales growth in 2021.
The Arklyz Group said it had successfully integrated TAF into its organization, and the brand is “poised to reach new heights” due in part to the new ownership and leadership of the Group and the addition of executive team members.
“We are proud to say that we have hit the ambitious sales target of $500 million in such a short amount of time, said owner and CEO of Arklyz Group, Param Singh. “We are intensively working on further growth initiatives, including entering new markets as current fashion and streetwear trends continue to become more popular. We want to continue this momentum to be a powerful partner, in delivering amazing consumer experience and driving incremental revenue, for our sports lifestyle brands around the globe.”
The company also strengthened its board by announcing the appointment of Martin Künzi, former CFO of IIC-Intersport International Corp. to TAF’s Board of Directors.
The Athlete’s Foot sneaker and streetwear chain has 550 stores and e-commerce shops in more than 30 countries. Its global headquarters are located in Stans, Switzerland and Atlanta, GA.
