Khaitan & Co Advised Ara AG On The Sale Of Lloyd Shoes GmbH To Arklyz AG
Khaitan & Co Advised Ara AG On The Sale Of Lloyd Shoes GmbH To Arklyz AG
Khaitan & Co advised Ara AG in the sale of Lloyd Shoes GmbH to Arklyz AG. In this transaction, Arklyz AG has obtained ownership of Lloyd Shoes GmbH, along with its subsidiaries, including Lloyd Shoes India Private Limited. Established in 1888 and headquartered in Sulingen, 'Lloyd' is renowned as the premier producer of high-quality shoes in German-speaking regions and the Scandinavian markets.
Under the ownership of Ara AG for 25 years, Lloyd has been a prominent player in the footwear industry. The sale to Arklyz marks a strategic move aimed at transforming Lloyd into a globally recognized footwear and lifestyle brand, enhancing its visibility on the global stage.
The core team consisted of Rabindra Jhunjhunwala (Partner), Aman Anand (Principal Associate), Harshita Jajodia (Associate).
The core team received support and assistance from various experts, including Ritu Shaktawat (Partner) and Sneh Shah (Principal Associate) for taxation matters, Deepak Kumar (Partner) and Deeksha Malik (Principal Associate) for employment and labour related aspects, and Arva Merchant (Partner), Vaishnavi Subrahmanyam (Principal Associate), and Abilash Vishwanathan (Associate) for real estate considerations.
