This announcement is a strategic milestone for us,” says Param Singh, CEO of the Arklyz Group. “This is a unique opportunity to acquire one of the most respected and well-known companies in the German footwear industry. Lloyd is already the undisputed leader in the premium men’s segment in its core strategic European markets and we look forward to further developing the brand internationally. In addition, we see great growth potential for Lloyd through the expansion of its omnichannel presence.”
“We have decided to sell Lloyd to Arklyz because Arklyz, with its broad-based expertise in sports and lifestyle, is the perfect partner for Lloyd’s next growth chapter,” says Andreas Wortmann, CEO of Ara AG.
“Our goal is to develop Lloyd into a global footwear and lifestyle brand with high visibility. We have already recorded good growth in recent years, but together with Arklyz we will be able to push our omnichannel strategy even further and expand internationally on this basis,” says Andreas Schaller, CEO of Lloyd Shoes GmbH.
The transaction of the takeover of Lloyd Shoes GmbH, including all operating companies, is expected to be completed by the middle of the year; the parties have agreed not to disclose the purchase price.
Lloyd was founded in 1888 and is the market leader in the premium segment in German-speaking countries and the Scandinavian markets. The company currently sells its collections at around 2,800 points of sale in 48 countries. Lloyd operates 35 concept stores in Germany such as Vienna, Copenhagen, and Beijing. The range also includes leather goods such as jackets, bags and belts for men and women. Lloyd Shoes GmbH currently employs around 1,500 people, almost 500 of them in Germany alone.
Param Singh, owner and CEO of Arklyz Group AG, founded the company in 2018. Arklyz Group AG is an investment company in the sports, lifestyle and workwear sectors. Arklyz owns The Athlete’s Foot, Asphaltgold, Intersocks and various global licenses and distribution licenses for brands such as Salomon, Head, Crocs, Nordica, Adidas and Hey Dude.
