Arklyz acquires Asphaltgold
Parent company Arklyz Group adds Europe-based business to The Athlete’s Foot portfolio
WIESBADE, Germany, May 9, 2022 /PRNewswire/ — The Athlete’s Foot (TAF), the specialty footwear and lifestyle retailer, continues its ambitious global expansion with the acquisition of Asphaltgold, a leading online streetwear boutique for sneakers . Under the leadership of Arklyz Group, Asphaltgold will continue to operate its online retail platform throughout Europe and storefront in Germanywhile using The Athlete’s Foot’s global expertise and valuable reputation to elevate the business.
“The acquisition of Asphaltgold was a strategic decision for us,” said the owner and CEO of Arklyz Group, Param Singh. “The company has a global online presence and access to exclusive brand collections, which we really admire and will use that component.”
Arklyz Group add the Asphalteor name to athlete’s foot organization with the goal of growing both brands globally and continuing their momentum as leaders in specialty footwear. Agreement marks next strategic step growth and is a shining example of the Arklyz Group’s aggressive business plan to become one of the global industry leaders.
About Athlete’s Foot (TAF):
More than just a retail store, but designed to be a destination for athletic street style, The Athlete’s Foot is a global athletic-inspired lifestyle retailer of streetwear, footwear, apparel and accessories. . Sneaker and streetwear chain Athlete’s Foot has 550 stores and e-commerce stores in more than 30 countries. Its global headquarters are located in Stans, Swiss and in Atlanta, Ga. in United States. For more information, please visit www.theathletesfoot.com.
Asphaltgold is one of the leading online streetwear stores for sneakers and streetwear clothing in Europe. The company not only attaches great importance to attractive aesthetics, but also to high quality of its clothing and conscious production. Since its inception in 2008, Asphaltgold is continuously working on new ideas and creating clothing and various lifestyle and streetwear accessories for men and women with a passion for their guiding values in mind. For more information, please visit www.asphaltgold.com.
About Arklyz – Arklyz Group AG:
Arklyz is a fast growing powerhouse in sports, lifestyle, athleisure and workwear. Arklyz spans a set of vertically connected businesses with a particular focus on brand management, distribution, retail and e-commerce, and manufacturing. For more information, please visit www.arklyz.com.
SOURCE Athlete’s Foot