The Athlete’s Foot (TAF) has acquired Asphaltgold, the European-based online streetwear shop.
The acquisition follows Arklyz Group’s acquisition of TAF from Intersport International Corp. in July 2021. Terms were not disclosed.
Under the leadership of Arklyz Group, Asphaltgold will continue to operate its online retail platform in Europe and retail storefront in Germany, while using TAF’s global knowledge and reputation to elevate the business.
“The acquisition of Asphaltgold was a strategic decision for us,” said the owner and CEO of Arklyz Group, Param Singh. “The business has a global online presence and access to exclusive brand collections, which is something we truly admire and will be utilizing this component.”
Arklyz Group added the Asphaltgold name to TAF’s organization with the goal for the acquisition to expand both brands globally and continuing the momentum in the specialty footwear space.
Photo courtesy Asphaltgold