Khaitan & Co. Advises Ara AG

Khaitan & Co advised Ara AG on the sale of Lloyd Shoes GmbH to Arklyz AG. As part of the transaction, Arklyz AG has acquired Lloyd Shoes GmbH, along with its subsidiaries including Lloyd Shoes India Private Limited. ‘Lloyd’, founded in 1888 and based in Sulingen, is the market leader in premium shoe production in German-speaking countries and the Scandinavian markets.

Lloyd was owned by Ara AG for 25 years. The aim of the sale to Arklyz is to develop Lloyd into a global footwear and lifestyle brand with high visibility.  

The core team consisted of Rabindra Jhunjhunwala (Partner), Aman Anand (Principal Associate), Harshita Jajodia (Associate) with assistance from the following:

Taxation support and assistance on the matter: Ritu Shaktawat (Partner) and Sneh Shah (Principal Associate)

Employment and labour related aspects: Deepak Kumar (Partner) and Deeksha Malik (Principal Associate)

Real Estate aspects: Arva Merchant (Partner), Vaishnavi Subrahmanyam (Principal Associate) and Abilash Vishwanathan (Associate)