As previously reported by SGB Media, Lloyd Shoes GmbH was sold by Ara AG to Arklyz AG, a growing Swiss brand consolidator in the active lifestyle market. Arklyz reported it would allocate strategic support and resources to strengthen and grow Lloyd’s wholesale, omnichannel and international business.
Lloyd Shoes GmbH is a “premium German footwear brand with a history spanning over a century.”
Arklyz said in a media release that the acquisition of Lloyd Shoes GmbH marked a “significant milestone in its strategy to diversify its portfolio and strengthen its presence in the global sports and lifestyle market.” Lloyd will continue to operate under its established brand name, benefiting from the resources and global reach of the Arklyz Group.
Arklyz Group owns The Athlete’s Foot, Asphaltgold, Intersocks, Arkrod, and several global licenses or wholesale distribution for Salomon, Head, Nordica, Mammut, Crocs, Adidas, HeyDude, and others.
“By integrating Lloyd into the Arklyz Group, we gain a brand with an exceptional heritage. And leveraging synergies between Lloyd and Arklyz will enhance our offerings and drive further growth,” said Param Singh, owner and CEO of Arklyz AG. “We are excited to work with the talented team at Lloyd and look forward to bringing new energy into the brand while upholding the high standards of quality and craftsmanship that Lloyd is known for. Our goal is to transform Lloyd into a globally appealing lifestyle brand.”
Lloyd Shoes will maintain its headquarters in Sulingen, Germany. The acquisition of Lloyd will be executed “with a focus on maintaining the brand’s identity and heritage while exploring innovative strategies to expand product offerings, deepen customer engagement and increase market reach.”
“This partnership represents a powerful opportunity for Lloyd to expand its global footprint,” stated Andreas Schaller, managing director of Lloyd Shoes GmbH. “With the support of Arklyz, Lloyd will accelerate its growth initiatives, enhance operational efficiencies and continue to deliver exceptional products to our loyal customers.”
The acquisition was completed after receiving all the required regulatory approvals. The parties agreed not to disclose the financial details of the transaction.
Image courtesy Lloyd Shoes
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See below for additional SGB Media coverage of the Lloyd Shoes acquisition.
