LLOYD Shoes GmbH has been sold by Ara AG to Arklyz AG, a
growing Swiss
powerhouse in the sports and lifestyle
sectors. Arklyz will provide strategic support
and resources to further strengthen and grow LLOYD's wholesale,
omnichannel and international business.
SULINGEN, Germany, May 22, 2024
/CNW/ -- Arklyz AG, a growing Swiss powerhouse specializing in the
sports and lifestyle sectors, is pleased to announce the successful
completion of acquisition of LLOYD Shoes GmbH, a renowned German
footwear premium brand with a rich history spanning over a
century.
This acquisition marks a significant milestone in Arklyz's
strategy to diversify its portfolio and strengthen its presence in
the global sports and lifestyle market. LLOYD, known for its
premium quality and classic yet modern designs, will continue to
operate under its established brand, benefiting from the extensive
resources and global reach of Arklyz Group.
"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 & 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 continue to maintain its headquarters in
Sulingen, Germany, ensuring
continuity for employees and customers. 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 of LLOYD Shoes GmbH by Arklyz AG was completed
after receiving all necessary regulatory approvals. The parties
have agreed not to disclose any financial details of the
transaction.
About Arklyz
Arklyz was founded in 2018 by Param Singh, owner & CEO of
Arklyz Group. Based in
Stans, Switzerland, Arklyz Group AG is a fast-growing powerhouse in the arena of sports
and lifestyle. Arklyz covers
a vertically connected set of activities with a special
focus on
brand management, distribution, retail, e-commerce, and manufacturing. Arklyz
owns The Athlete's Foot, Asphaltgold, Intersocks, Arkrod and
several global licenses or
wholesale distribution for brands like Salomon, HEAD, Nordica, Mammut,
Crocs, Adidas, Hey Dude etc.
About LLOYD
Since 1888, LLOYD is the market leader in the premium footwear
sector in German- speaking and Scandinavian countries. For the last
136 years, LLOYD has stood for the highest quality
in shoe production. Based on its omni-channel
strategy, the company sells its collections worldwide, in 48
countries at around 2,800 points of sale. LLOYD operates 35 concept
stores in major cities in Germany
as well as in other major cities like Copenhagen, Lima, Vienna,
and Beijing as well as through
international online platform,
LLOYD.COM. LLOYD also offers high-quality leather goods such as jackets,
bags, and belts to match the shoe collections for men and
women. The company employs over 1,500 people including almost 500
in Germany.
Press Contact:
LLOYD Shoes GmbH Godo Kraemer
Hans-Hermann-Meyer-Str.1 27232 Sulingen / Germany
Phone: +49 (0) 4271 940 211
Email: kraemer@lloyd.com Homepage: LLOYD.COM
PR Agency:
MASALI GmbH
Valerie Betz
Heinrich-Roller-Str. 16B 10405 Berlin
/ Germany
Phone: +49 (0) 30 2325794 14
Email: v.betz@masali.de Homepage: masali.de
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SOURCE LLOYD Shoes GmbH