Lloyd Shoes acquired by Athlete’s Foot parent Arklyz

Swiss sports and lifestyle firm Arklyz AG announced on Wednesday the completion of its acquisition of Lloyd Shoes GmbH, a German premium footwear brand.

Financial terms of the deal, which was first announced in January, were not disclosed.

The owner of The Athlete’s Food brand, among others, said the acquisition of Lloyd Shoes marks a significant milestone in its strategy to diversify its portfolio and strengthen its presence in the global sports and lifestyle market.

Under the deal, Lloyd 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 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 remain headquartered in Sulingen, Germany. The acquisition 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, according to a press release.

“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.”

Founded in 2018 by Param Singh, Arklyz is based in Stans, Switzerland. Its portfolio of brands includes The Athlete’s Foot, Asphaltgold, Intersocks, and Arkrod and operates several global licenses or wholesale distribution for brands like Salomon, Head, Nordica, Mammut, Crocs, Adidas, and Hey Dude.