Arklyz completed the acquisition of LLOYD Shoes from Ara.

Arklyz, a fast-growing powerhouse in the arena of sports, athleisure and workwear, completed the acquisition of LLOYD Shoes, a provider of men's shoes, from Ara, one of Germany's largest shoe groups. Financial terms were not disclosed. "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. 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," Param Singh, Arklyz Owner & CEO.