Arklyz completes purchase of German footwear brand Lloyd
Swiss company Arklyz AG has completed its acquisition of Lloyd Shoes GmbH, a premium German footwear brand with over a century of history.
The move is part of Arklyz's strategy to diversify its portfolio and enhance its presence in the global sports and lifestyle market. Lloyd will continue to operate under its established brand, benefiting from the Swiss company's resources and global reach.
Param Singh, CEO of Arklyz, emphasized the value of integrating Lloyd's heritage and quality with Arklyz's capabilities to drive growth and innovation.
Lloyd's headquarters will remain in Sulingen, Germany, ensuring continuity for employees and customers. Andreas Schaller, Managing Director of of the German company, highlighted the acquisition as a significant opportunity to expand globally and enhance operational efficiencies.
