Arklyz, a fast-growing powerhouse in the arena of sports, athleisure and workwear, agreed to acquire LLOYD Shoes, a provider of men's shoes, from Ara, one of Germany's largest shoe groups. Financial terms were not disclosed. "Today's announcement is another strategic milestone for us. This is a unique opportunity to take over one of the most respected and well-known companies in the German shoe industry. LLOYD is already the undisputed market leader in the men's premium segment in its core European markets, and we look forward to further developing it internationally. Further, there are strong opportunities to grow LLOYD by strengthening its omni-channel presence. I am incredibly happy to welcome LLOYD to Arklyz Group," Param Singh, Arklyz Group CEO.