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DC Advisory acts as exclusive financial advisor to ara Group on the sale of LLOYD

Background

  • German based shoe manufacturer and retailer, ara Group, is strategically reviewing its existing brand portfolio in order to focus on certain core brands
  • DC Advisory have been supporting ara Group in this process, resulting in several successful transactions
  • Since 1888, LLOYD has been a market leader in the premium footwear sector in the German speaking and Scandinavian countries. LLOYD was acquired by ara Group in 2000
  • Founded in 2018, Arklyz is a fast-growing retail group with a focus on sports, athleisure and workwear. Arklyz covers a range vertically connected business activities from manufacturing to end consumer distribution

Process

  • ara Group engaged DC Advisory as exclusive sell-side advisor to examine strategic options for LLOYD
  • Despite a difficult economic environment in the fashion industry, DC Advisory successfully orchestrated a competitive auction process
  • The process included project management, coordination of due diligence workstreams, rendering of financial analyses and marketing materials, providing a focused market approach and advice on all strategic aspects of the transaction while managing consistent dialogue with multiple potential buyers

Outcome

  • In January 2024, ara Group signed an agreement to sell 100% of LLOYD to Arklyz. The transaction is expected to close in March 2024 and is subject to customary closing conditions
  • Arklyz intends to support LLOYD in its future growth path and to capitalize on a range of strategic synergies
  • This transaction demonstrates DC Advisory’s strong track record of providing comprehensive sell-side advice in the fashion industry

“DC Advisory gave us great support throughout the whole process. A very professional and highly dedicated team helped us to find a perfect match on the buyer side."

Andreas Wortmann
CEO, ara Group

"We are pleased to have finalized a transaction that has great potential for the future development of LLOYD. It was a great pleasure to work with the ara / LLOYD team and their strong commitment and dedication to this project."

Stephan von Parpart
Managing Director, DC Advisory Germany

What to read next

Date
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  • Consumer, Leisure & Retail
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Germany
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